By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC sold $2.22 million of 0% autocallable buffered return enhanced notes due Dec. 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus 6.5% if the index closes at or above its initial level on June 28, 2021.
The payout at maturity will be par plus 2 times any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $2,222,000
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Maturity: | Dec. 31, 2021
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Coupon: | 0%
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Price: | Par
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Call: | Par plus 6.5% if index closes above initial level on June 28, 2021
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Payout at maturity: | Par plus 2 times any index gain; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,083.76
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Buffer level: | 90% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48132MLB5
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