Chicago, May 27 – JPMorgan Chase Financial Co. LLC priced $800,000 of autocallable contingent interest notes due Feb. 13, 2023 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.8%, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting Feb. 8, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par if the fund finishes above its initial level or if the fund never closes below its 70% trigger level during the life of the notes. Otherwise, investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | Energy Select Sector SPDR Fund (Ticker: XLE)
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| Amount: | $800,000
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| Maturity: | Feb. 13, 2023
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| Coupon: | 7.8% annual rate, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the fund closes above initial level or alternatively if fund never closes below trigger level during the life of the notes; otherwise, investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting Feb. 8, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
|
| Initial level: | $58.79
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| Trigger levels: | $41.153, 70% of initial level
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| Pricing date: | Nov. 8, 2021
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| Settlement date: | Nov. 12, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132YRW7
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