Chicago, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $220,000 of 0% autocallable dual directional buffered equity notes due April 5, 2023 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.
The notes will be called at par plus 17.5% if the fund closes above its initial level on April 4, 2022.
If the ETF finishes above its initial value, the payout at maturity will be par plus the gain.
If the ETF finishes flat or declines by up to 20%, the payout will be par plus the absolute value of the ETF return.
Otherwise, investors will be exposed to any ETF decline beyond the 20% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable dual directional buffered equity notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $220,000
|
| Maturity: | April 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain; if ETF finishes flat or declines by up to 20%; par plus the absolute value of the ETF return; otherwise, exposure to any ETF decline beyond the 20% buffer
|
| Call: | Automatically at par plus 17.5% if fund closes above initial level on April 4, 2022
|
| Initial value: | $119.95
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4375%
|
| Cusip: | 48132THH2
|
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