By Kiku Steinfeld
Chicago, Aug. 4 – JPMorgan Chase Financial Co. LLC priced $519,000 of 0% autocallable buffered return enhanced notes due Aug. 1, 2022 linked to the common stock of Amazon.com Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus 8% if the stock is at or above the initial level on the July 28, 2021 call date.
If the notes are not called, the payout at maturity will be par plus 1.75 times any gain in the stock.
Investors will receive par if the stock declines by up to 15% and will lose 1% for every 1% decline beyond 15%.
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 stock: | Amazon.com Inc.
|
| Amount: | $519,000
|
| Maturity: | Aug. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.75 times any gain in the stock; par if stock declines by up to 15%; 1% loss for every 1% stock decline beyond 15%
|
| Call: | At par plus 8% if the stock is at or above initial level on July 28, 2021
|
| Initial level: | $3,055.21
|
| Buffer level: | 85% of initial level
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48132MXE6
|
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