By Wendy Van Sickle
Columbus, Ohio, March 2 – JPMorgan Chase Financial Co. LLC sold $219,000 of 0% autocallable buffered return enhanced notes due July 29, 2022 linked to the Nasdaq-100 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 March 1, 2022.
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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered return enhanced notes
|
| Underlying index: | Nasdaq-100
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| Amount: | $219,000
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| Maturity: | July 29, 2022
|
| Coupon: | 0%
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| Price: | Par
|
| Call: | Par plus 6.5% if index closes above initial level on March 1, 2022
|
| 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%
|
| Initial index level: | 13,699.71
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132RXM7
|
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