By Kiku Steinfeld
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $715,000 of 0% uncapped dual directional buffered return enhanced notes due June 27, 2024linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
At maturity, if the least performing underlier gains, the payout at maturity will be par plus 1.3 times the return of the least performing underlier.
If the least performing underlier falls flat or declines by up to 10%, the payout at maturity will be par plus its absolute value.
Otherwise, investors will lose 1% for each 1% decline of the least performing underlier below 10%.
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: | Uncapped dual directional buffered return enhanced notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $715,000
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| Maturity: | June 27, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both underliers finish above initial level, par plus 1.3 times the return of worst performer; if the worst performer falls flat or declines but finishes at or above buffer level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer below buffer
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| Initial levels: | $78.05 for ETF and 4,217.06 for Stoxx
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Dec. 22, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48132Y6B6
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