Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $425,000 of 0% autocallable buffered equity notes due April 7, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund closes at or above 105% of its initial level on Sept. 30, 2021, the notes will be automatically called at par plus a call premium of 10%.
If the notes are not called and the fund return is zero or positive, the payout at maturity will be par plus the return of the fund.
If the fund falls by up to 20%, the payout will be par. If the fund falls by more than 20%, investors will lose 1% for every 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered equity notes
|
| Underlying fund: | ARK Innovation ETF
|
| Amount: | $425,000
|
| Maturity: | April 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is zero or positive, par plus return of fund; par if fund falls by up to 20%; if fund falls by more than 20%, 1% loss for every 1% decline beyond 20%
|
| Call: | If the fund closes at or above 105% of its initial level on Sept. 30, 2021, automatically called at par plus a call premium of 10%
|
|
|
| Initial level: | $119.95
|
| Buffer level: | 80%
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 0.6147%
|
| Cusip: | 48132TJC1
|
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