By Taylor Fox
New York, March 11 – JPMorgan Chase Financial Co. LLC priced $45,000 of 0% autocallable buffered equity notes due Aug. 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.5% call premium if each index closes at or above its initial level on March 4, 2022.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 10%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the 10% buffer.
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 equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $45,000
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| Maturity: | Aug. 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10.5% if each index closes at or above its initial level on March 4, 2022
|
| Payout at maturity: | If each index finishes at or above initial level, par plus the gain of the lesser performing index; par if worse performing index falls by up to 10%; otherwise, 1% loss for each 1% decline of worse performing index beyond 10% buffer
|
| Initial levels: | 2,201.051 for Russell and 3,811.15 for S&P
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.54167%
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| Cusip: | 48132RST8
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