By Taylor Fox
New York, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% autocallable buffered return enhanced notes due Oct. 5, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If both indexes close above their initial values on Oct. 4, 2021, the notes will be called and investors will receive $1,095 per $1,000 face amount of notes.
If the notes are not called, investors will receive par plus 1.5 times the return of the worse performer.
Investors will receive par if either index declines by up to 10% and will lose 1% for every 1% decline of the worst-performing index beyond 10%.
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 index: | S&P 500 index and the Russell 2000 index
|
| Amount: | $1,479,000
|
| Maturity: | Oct. 5, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in worst performing index; par if either index declines by up to 10%; otherwise, exposure to losses of worst performer beyond 10%
|
| Initial level: | 3,363 for S&P, 1,507.692 for Russell
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.2788%
|
| Cusip: | 48132ML90
|
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