$35,534,210 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of General Motors Company due June 28, 2024, priced on June 25, 2021, were issued by JPMorgan Chase Financial Company LLC. The pricing supplement for this note (CUSIP: 46652Y653) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.2775, so long as the notes had not been called and and General Motors all closed above 80% of their June 25, 2021 closing prices on a determination date. If and General Motors closed below 80% of their June 25, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $10 in principal if and General Motors all closed on the final determination date on June 25, 2024 and above 80% of their June 25, 2021 closing prices. If on June 25, 2024 and General Motors closed below 80% of their June 25, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and General Motors June 25, 2024 closing prices to their June 25, 2021 closing prices. The notes have matured. They paid four coupons totaling $0.5550 and $7.70 repayment per $10 note. Investors thus suffered capital losses of $2.30 and net losses of $1.75.† In the aggregate, investors in this note suffered $8,185,243 in capital losses and $6,213,095 in net losses. See Table 1 and Figure 1.
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