$10,727,600 Contingent Income Auto-Callable Securities Based on the Performance of the Class A Common Stock of Affirm Holdings, Inc. due September 25, 2024, priced on September 20, 2021, were issued by JPMorgan Chase Financial Company LLC. The pricing supplement for this note (CUSIP: 48132X396) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.58125, so long as the notes had not been called and and Affirm all closed above 60% of their September 20, 2021 closing prices on a determination date. If and Affirm closed below 60% of their September 20, 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 Affirm all closed on the final determination date on September 20, 2024 and above 60% of their September 20, 2021 closing prices. If on September 20, 2024 and Affirm closed below 60% of their September 20, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Affirm September 20, 2024 closing prices to their September 20, 2021 closing prices. The notes have matured. They paid one coupon totaling $0.58125 and $4.17 repayment per $10 note. Investors thus suffered capital losses of $5.83 and net losses of $5.25.† In the aggregate, investors in this note suffered $6,252,288 in capital losses and $5,628,747 in net losses. See Table 1 and Figure 1.
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