By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due April 21, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.75% if the fund closes at or above its 60% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par plus the coupon unless the fund finishes below its 60% 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 fund: | Financial Select Sector SPDR fund
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| Amount: | $1 million
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| Maturity: | April 21, 2022
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| Coupon: | 10.75% annualized, payable quarterly if fund closes at or above coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus the coupon unless the fund 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 fund closes at or above initial level on any review date other than final date
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| Initial level: | $22.39
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| Coupon barrier level: | $13.434, 60% of initial level
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| Trigger level: | $13.434, 60% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48132KVQ5
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