By Kiku Steinfeld
Chicago, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $612,000 of autocallable contingent interest notes due Feb. 9, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.82% if the index closes at or above its 80% 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 if the index 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 index finishes below its 80% 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 index: | S&P 500 index
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| Amount: | $612,000
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| Maturity: | Feb. 9, 2022
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| Coupon: | 8.82% annualized, payable quarterly plus any previously unpaid coupons if index 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 index finishes below its trigger level, in which case investors will be fully exposed to any losses
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| Call: | At par if index closes at or above initial level on any review date other than final review date
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| Initial level: | 3,841.47
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| Coupon barrier/trigger level: | 3,073.176, 80% 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: | 48132RMX5
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