$9,919,450 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of DocuSign, Inc. due October 04, 2024, priced on October 01, 2021, were issued by JPMorgan Chase Financial Company LLC. The pricing supplement for this note (CUSIP: 48132X313) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.275, so long as the notes had not been called and and DocuSign all closed above 70% of their October 01, 2021 closing prices on a determination date. If and DocuSign closed below 70% of their October 01, 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 DocuSign all closed on the final determination date on October 01, 2024 and above 70% of their October 01, 2021 closing prices. If on October 01, 2024 and DocuSign closed below 70% of their October 01, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and DocuSign October 01, 2024 closing prices to their October 01, 2021 closing prices. The notes have matured. They didn't pay any coupon and $2.38 repayment per $10 note. Investors thus suffered capital losses of $7.62 and net losses of $7.62.† In the aggregate, investors in this note suffered $7,555,899 in capital losses and $7,555,899 in net losses. See Table 1 and Figure 1.
Established in 2000, SLCG Economic Consulting ("SLCG") specializes in providing finance, economics, and investment management consulting, as well as expert witness services to law firms, banks, brokerage firms, and individuals involved in complex litigation. Our team comprises predominantly PhD and MA-level professionals with diverse backgrounds in academia, industry, and government, many of whom have testified in state and federal courts as well as various arbitration forums. SLCG is a wholly owned subsidiary of McCann Yan Holdings, Inc., a Virginia incorporated company based in Northern Virginia.