Published on 4/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $806,000 autocallable contingent interest notes linked to Bumble
New York, April 20 – JPMorgan Chase Financial Co. LLC priced $806,000 of autocallable contingent interest notes due Oct. 2, 2024 linked to the class A common stock of Bumble Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.2%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date.
Starting March 28, 2022, the securities will be called automatically at par if the stock closes at or above its call value, 85% of its initial share price, on any quarterly review date.
At maturity the payout will be par unless the stock closes below its 70% trigger level in which case 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: | Bumble Inc. (Ticker: BMBL)
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| Amount: | $806,000
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| Maturity: | Oct. 2, 2024
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| Coupon: | 13.2%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the underlying stock
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| Call: | Starting March 28, 2022, automatically at par if the stock closes at or above its call value, 85% of its initial share price, on any quarterly review date
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| Initial level: | $53.97
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| Trigger level: | $37.779, 70% of initial level
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| Pricing date: | Sept. 27, 2021
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| Settlement date: | Sept. 30, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48132WYQ6
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