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Published on 3/9/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.39 million review notes due 2026 linked to ARK ETFs

By Wendy Van Sickle

Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% review notes Feb. 27, 2026 linked to the lesser performing of the ARK Innovation ETF and the ARK Genomic Revolution ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 17.5% if each asset closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless either asset falls by more than 50%, in which case investors will be fully exposed to any losses of the worse performing index or fund.

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:Review notes
Underlying assets:ARK Genomic Revolution ETF, ARK Innovation ETF
Amount:$1,392,000
Maturity:Feb. 27, 2026
Coupon:0%
Price:Par
Call:At par plus 17.5% per year if each asset closes at or above its initial level on any annual review date
Payout at maturity:If each asset finishes at or above 50% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
Initial levels:$98.84 for Genomic, $138.32 for Innovation
Trigger levels:$49.42 for Genomic, $69.16 for Innovation; 50% of initial levels
Pricing date:Feb. 24
Settlement date:March 1
Agent:J.P. Morgan Securities LLC
Fees:4.125%
Cusip:48132RE30

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