Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $2.8 million of 0% autocallable buffered return enhanced notes due March 27, 2025 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 22% if the ETF closes at or above its initial level on March 23, 2022.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 1.3 times the gain of the ETF.
Investors will receive par if the ETF falls by up to 20%.
Otherwise, investors will lose 1.25% for each 1% decline of the ETF beyond the 20% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered return enhanced notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $2,800,000
|
| Maturity: | March 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above initial level, par plus 1.3 times gain; par if ETF falls by up to 20%; otherwise, 1.25% loss for each 1% decline of ETF beyond buffer
|
| Call: | Automatically at par plus 22% if ETF closes at or above initial level on March 23, 2022
|
| Initial level: | $121.70
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132TFU5
|
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