Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Oct. 11, 2024 linked to the lesser performing of the common stocks of Fiserv, Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 7.3% if each stock closes at or above its interest barrier, 65% of its initial share price, on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly review date after one year.
The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to the decline of the least-performing stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stocks: | Fiserv, Inc. and Visa Inc.
|
| Amount: | $1 million
|
| Maturity: | Oct. 11, 2024
|
| Coupon: | 7.3% per year, payable quarterly if each stock closes at or above interest barrier value on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above trigger value; otherwise, full exposure to decline of least-performing stock
|
| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any quarterly review date after one year
|
| Initial share prices: | $230.27 for Visa, $107.89 for Fiserv
|
| Interest barrier levels: | $149.6755 for Visa, $70.1285 for Fiserv; 65% of initial levels
|
| Trigger levels: | $149.6755 for Visa, $70.1285 for Fiserv; 65% of initial levels
|
| Pricing date: | Oct. 8, 2021
|
| Settlement date: | Oct. 14, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.85%
|
| Cusip: | 48132WW96
|
|
|
|
|
© 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.
