By Susanna Moon
Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due Jan. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent semiannual coupon at an annual rate of 12% if the index closes at or above its coupon barrier level, 85% of its initial level, on the review date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the index finishes below its 85% trigger level, in which case investors will be exposed to any losses.
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 index: | Russell 2000
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| Amount: | $2 million
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| Maturity: | Jan. 28, 2022
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| Coupon: | 12% annualized, payable semiannually if index closes at or above 85% coupon barrier on semiannual review date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless index finishes below trigger level, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if index closes at or above initial level on any review date other than the final date
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| Initial level: | 1,382.437
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| Trigger level: | 1,175.07145, 85% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646QKF1
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