$13,302,000 Auto Callable Contingent Interest Notes Linked to the Class A Common Stock of Roblox Corporation due October 31, 2023, priced on October 28, 2021, were issued by JPMorgan Chase Financial Company LLC. The pricing supplement for this note (CUSIP: 48132YGA7) can be found here. The notes had a $1,000 face value and paid a quarterly coupon of $37.50, so long as the notes had not been called and and Roblox all closed above 61% of their October 28, 2021 closing prices on a determination date. If and Roblox closed below 61% of their October 28, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $1,000 in principal if and Roblox all closed on the final determination date on October 26, 2023 and above 61% of their October 28, 2021 closing prices. If on October 26, 2023 and Roblox closed below 61% of their October 28, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and Roblox October 26, 2023 closing prices to their October 28, 2021 closing prices. The notes have matured. They paid one coupon totaling $37.50 and $369.18 repayment per $1,000 note. Investors thus suffered capital losses of $630.82 and net losses of $593.32.† In the aggregate, investors in this note suffered $8,391,111 in capital losses and $7,892,286 in net losses. See Table 1 and Figure 1.
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