Chicago, June 15 – JPMorgan Chase Financial Co. LLC priced $519,000 of autocallable contingent interest notes due June 9, 2023 linked to the lesser performing of the Energy Select Sector SPDR fund and Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.8%, paid quarterly, if each underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting March 7, 2022 and on any subsequent quarterly review date if both funds close above their initial levels.
At maturity the payout will be par unless the worst performing ETF closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | Energy Select Sector SPDR fund and Financial Select Sector SPDR fund
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| Amount: | $519,000
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| Maturity: | June 9, 2023
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| Coupon: | 7.8% annual rate, paid quarterly, if each underlying fund closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
| Call: | Automatically at par starting March 7, 2022 and on any subsequent quarterly review date if both funds close above initial levels
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| Initial levels: | $55.96 for Energy, $38.61 for Financial
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| Trigger levels: | $39.172 for Energy, $27.027 for Financial, 70% of initial levels
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| Pricing date: | Dec. 6, 2021
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| Settlement date: | Dec. 9, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
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| Cusip: | 48132YR31
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