Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $1.6 million of autocallable contingent interest notes due Jan. 5, 2023 linked to the common stock of Diamondback Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive interest payments based on an annual 21.2% interest rate if the stock closes above its 65% trigger level on a related quarterly review date. Previously unpaid coupons will also be paid.
The securities will be called automatically at par starting April 1, 2022 and on any subsequent quarterly determination date if the stock closes above its initial level.
At maturity the payout will be par plus any coupon due if the stock closes above its 65% trigger level. Otherwise, investors will be fully exposed to the decline of the stock.
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: | Diamondback Energy, Inc.
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| Amount: | $1,595,000
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| Maturity: | Jan. 5, 2023
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| Coupon: | 21.2% annual rate, payable quarterly if stock closes above interest barrier on related review date; previously unpaid coupons will also be paid
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| Price: | Par
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| Payout at maturity: | Par plus any coupon due if the stock finishes above its trigger level; otherwise investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par starting April 1, 2022 and on any subsequent quarterly determination date if the stock closes above its initial level
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| Initial level: | $102.43
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| Trigger level: | $66.5795, 65% of initial level
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| Pricing date: | Dec. 17, 2021
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| Settlement date: | Dec. 22, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133CCE0
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