New Issue: JPMorgan prices $1.02 million capped accelerated barrier notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped accelerated barrier notes due Jan. 26, 2023 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 125% of the return of the worst performing index, capped at par plus 20.5%. The payout will be par if the worst performing index declines but finishes at or above its 75% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its barrier.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped accelerated barrier notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$1,015,000
Maturity:	Jan. 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 125% of worst performing index return, capped at par plus 20.5%; par if worst performing index declines but finishes at or above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
Initial levels:	2,221.903 for Russell, 4,696.56 for S&P
Upside leverage:	125%
Cap:	20.5%
Barriers:	1,666.42725 for Russell, 3,522.42 for S&P, 75% of initial levels
Pricing date:	Dec. 22, 2021
Settlement date:	Dec. 28, 2021
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48132Y5M3

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