By Wendy Van Sickle
Columbus, Ohio, March 26 – JPMorgan Chase Financial Co. LLC priced $607,000 of autocallable contingent interest notes due Dec. 8, 2022 linked to the ARK Innovation exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly coupon at an annualized rate of 8% if the fund closes at or above its 70% coupon barrier on the related monthly review date.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial value on any monthly review date other than the first, second and final dates.
The payout at maturity will be par plus the contingent coupon unless the fund finishes below its 60% barrier level, in which case investors will lose 1% for every 1% that the fund declines.
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
|
| Underlying fund: | ARK Innovation ETF
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| Amount: | $607,000
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| Maturity: | Dec. 8, 2022
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| Coupon: | 8% annualized, payable monthly if fund closes at or above coupon barrier on related monthly review date
|
| Price: | Par
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| Payout at maturity: | Par plus the coupon unless the fund finishes below its barrier level, in which case 1% loss for every 1% that the fund declines
|
| Call: | At par plus contingent coupon if fund closes at or above initial value on any monthly review date other than first, second and final dates
|
| Initial value: | $118.43
|
| Coupon barrier: | $82.901, 70% of initial value
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| Barrier level: | $71.058, 60% of initial value
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132RT59
|
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