New Issue: JPMorgan prices $1.08 million autocallable yield notes on Royal Caribbean

By Kiku Steinfeld

Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $1.08 million of autocallable yield notes due June 14, 2022 linked to the common stock of Royal Caribbean Cruises Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay quarterly coupons at an 11.1% annual rate, regardless of the performance of the stock.

If the stock closes above its initial level on March 9, 2022, the notes will be called at par plus the coupon due.

At maturity if the stock finishes at or above its 65% trigger level level, the payout will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.

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 yield notes
Underlying stock:	Royal Caribbean Cruises Ltd.
Amount:	$1,075,000
Maturity:	June 14, 2022
Coupon:	11.1% annual rate, payable quarterly
Price:	Par
Payout at maturity:	If stock finishes at or above its downside threshold level, par plus coupon due; otherwise, 1% loss for every 1% decline if stock finishes below its trigger level
Call:	Automatically at par plus coupon if the stock closes at or above its initial level on March 9, 2022
Initial level:	$74.70
Trigger level:	$48.555, 65% of initial level
Strike Date:	Dec. 9, 2021
Pricing date:	Dec. 10, 2021
Settlement date:	Dec. 14, 2021
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133CAQ5

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