By Marisa Wong
Los Angeles, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $14.28 million of 0% lookback entry buffered Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The lookback index level will be the lowest closing level of the index during the eight-day observation period beginning on the pricing date, but it will not be greater than the closing level of the index on the pricing date.
If the final index level is greater than the lookback index level, the payout at maturity will be par of $10 plus 110% of the index gain, subject to a maximum payout of par plus 10.25%.
If the final index level is equal to the lookback index level or less than the lookback index level by no more than 5%, the payout will be par.
If the final index level has decreased from the lookback index level by more than 5%, investors will lose 1% for every 1% decline beyond 5%.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Lookback entry buffered Performance Leveraged Upside Securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $14,276,950
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| Maturity: | Dec. 3, 2021
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 110% of any index gain, capped at par plus 10.25%; par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
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| Initial index level: | Lowest closing level of index during period from and including pricing date to and including Nov. 6; will be no greater than 26,501.60
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Agent: | J.P. Morgan Securities LLC with distribution through Morgan Stanley Wealth Management
|
| Fees: | 1.6%
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| Cusip: | 48132N620
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