Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% autocallable buffered return enhanced notes due March 16, 2023 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 20.25% if the index closes at or above its initial level on March 25, 2022.
If the index finishes at or above its initial level, the payout at maturity will be par plus two times the gain of the index.
Investors will receive par if the index falls by up to 25%.
Otherwise, investors will lose 1% for each 1% decline of the index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Euro Stoxx Banks
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Amount: | $1,555,000
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Maturity: | March 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, par plus two times gain; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline
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Call: | Automatically at par plus 20.25% if index closes at or above initial level on March 25, 2022
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Initial level: | 88.82
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Contingent buffer level: | 75% of initial level
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Pricing date: | March 12
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Settlement date: | March 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132TEM4
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