New York, May 12 – JPMorgan Chase Financial Co. LLC priced $1.25 million of autocallable contingent interest notes due Oct. 20, 2022 linked to Facebook, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon of 11.95% per annum if the stock closes at or above its 70% trigger level on the corresponding observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The securities will be called automatically at par plus coupon on any quarterly review date starting Jan. 18, 2022 if the stock closes at or above its initial level on any quarterly review date.
At maturity the payout will be par plus all unpaid coupons unless the stock finishes 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Facebook, Inc. (Ticker: FB)
|
| Amount: | $1.25 million
|
| Maturity: | Oct. 20, 2022
|
| Coupon: | 11.95% per annum, payable quarterly if the stock closes at or above its trigger level on the relevant observation date; coupon payment events will automatically include any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par plus all unpaid coupons unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically at par plus coupon starting Jan. 18, 2022 if stock closes at or above initial level on any quarterly review date
|
| Initial level: | $326.23
|
| Trigger level: | $228.361, 70% of initial level
|
| Strike date: | Oct. 4, 2021
|
| Pricing date: | Oct. 5, 2021
|
| Settlement date: | Oct. 8, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132WV30
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
