By Kiku Steinfeld
Chicago, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable barrier notes due Aug. 3, 2023 linked to the common stock of Airbnb, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout will be par plus the stock return. Investors will receive par if the stock declines but ends at or above its 60% barrier and will lose 1% for every 1% that the stock declines if it finishes below the barrier level.
The notes will be called automatically at par plus 26.5% annually starting May 2, 2022 and on any subsequent quarterly review date if the stock finishes at or above its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable barrier notes
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| Underlying stock: | Airbnb, Inc.
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| Amount: | $500,000
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| Maturity: | Aug. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its initial value, par plus stock return; if stock declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Initial level: | $153.97
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| Downside threshold: | $92.382, 60% of initial level
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| Call: | Automatically at par plus 26.5% annually starting May 2, 2022 and on any subsequent quarterly review date if the stock finishes at or above its initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133C2S0
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