By Sarah Lizee
Olympia, Wash., Dec. 4 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% contingent buffered equity notes due May 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return, subject to a contingent minimum return of 11.52%.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 25% contingent buffer.
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: | Contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.27 million
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| Maturity: | May 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above the initial level, par plus the index return subject to a contingent minimum return of 11.52%; par if the index falls by up to 25%; 1% loss for each 1% decline below the initial level if the index falls by more than the 25% contingent buffer
|
| Initial index level: | 3,687.32
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| Final index level: | Average of index’s closing levels on five trading days ending May 21, 2021
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| Pricing date: | Nov. 22
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| Settlement date: | Nov. 27
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
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| Cusip: | 48132FT71
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