By Wendy Van Sickle
Columbus, Ohio, May 12 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due April 29, 2022 linked to Carnival Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 13% if the stock closes at or above its 70% coupon barrier on the review date for that period.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on Oct. 26, 2021 or Jan. 26, 2022.
The payout at maturity will be par unless the stock finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline from 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 contingent interest notes
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| Underlying stock: | Carnival Corp.
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| Amount: | $500,000
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| Maturity: | April 29, 2022
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| Coupon: | 13% annualized, payable monthly if stock closes at or above its coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case 1% loss for each 1% decline from its initial level
|
| Call: | At par plus contingent coupon if the stock closes at or above the initial share price on Oct. 26, 2021 or Jan. 26, 2022
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| Initial share price: | $27.55
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| Coupon barrier: | $19.285, 70% of initial share price
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| Trigger level: | $16.53, 60% of initial share price
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| Pricing date: | April 26
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| Settlement date: | April 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
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| Cusip: | 48132TZX7
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