By Kiku Steinfeld
Chicago, July 24 – JPMorgan Chase Financial Co. LLC priced $1.83 million of 0% autocallable contingent buffered return enhanced notes due July 27, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus 7.25% if the index is at or above the initial level on the July 23, 2021 call date.
If the notes are not called, the payout at maturity will be par plus 1.5 times any gain in the index.
Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% decline of the index from its initial level
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 contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $1,826,000
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| Maturity: | July 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any gain in the index; par if index declines by up to 20%; otherwise, full exposure
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| Call: | At par plus 7.25% if the index is at or above initial level on July 23, 2021
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| Initial level: | 3,276.02
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| Buffer level: | 80% of initial level
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132MUF6
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