By Kiku Steinfeld
Chicago, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Jan. 31, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.15%, paid quarterly, if the underlying fund closes at or above its 65% trigger level on the related quarterly observation date.
The securities will be called automatically at par starting April 28, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 65% trigger level, in which case investors will be fully exposed to the decline of the ETF.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | SPDR S&P 500 ETF Trust (Ticker: SPY)
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| Amount: | $500,000
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| Maturity: | Jan. 31, 2025
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| Coupon: | 6.15%, paid quarterly, if the underlying fund closes at or above its 65% trigger level on the related quarterly observation date
|
| Price: | Pa
|
| Payout at maturity: | Par unless the ETF closes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting April 28, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date
|
| Initial level: | $441.95
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| Trigger level: | $287.2675, 65% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133C5S7
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