By Kiku Steinfeld
Chicago, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $6.47 million of autocallable contingent interest notes due Feb. 9, 2022 linked to FedEx Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.3% if the stock closes at or above its 70% coupon barrier on the review date for that quarter, in which case any previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the final review date.
The payout at maturity will be par unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
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: | FedEx Corp.
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| Amount: | $6,465,000
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| Maturity: | Feb. 9, 2022
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| Coupon: | 12.3% annualized, payable quarterly plus any previously unpaid coupons if stock closes at or above its coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than final review date
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| Initial level: | $254.08
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| Coupon barrier/trigger level: | $177.856, 70% of initial level
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132RMW7
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