By Taylor Fox
New York, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $1.76 million of 0% autocallable accelerated barrier notes due Feb. 2, 2022 linked to the iShares Latin America 40 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus 11.5% if the fund closes at or above its initial level on July 22.
If the fund finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return.
If the fund falls but finishes at or above the 85% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable accelerated barrier notes
|
| Underlying fund: | iShares Latin America 40 ETF
|
| Amount: | $1,755,000
|
| Maturity: | Feb. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 11.5% if the fund closes at or above initial level on July 22
|
| Payout at maturity: | If the fund finishes at or above its initial level, par plus 1.5 times the return; if the fund falls but finishes at or above the barrier level, par; otherwise, investors will be fully exposed to the decline
|
| Initial index levels: | $28.48
|
| Barrier levels: | $24.208; 85% of initial levels
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48132RC65
|
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