New Issue: JPMorgan prices $800,000 5.925% yield notes linked to Freeport-McMoRan

By William Gullotti

Buffalo, N.Y., April 4 – JPMorgan Chase Financial Co. LLC priced $800,000 of 5.925% yield notes due Nov. 8, 2021 linked to the common stock of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The payout at maturity will be par unless Freeport-McMoRan shares close below the trigger value, 70% of the strike value. Otherwise, investors will be fully exposed to the stock’s decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying stock:	Freeport-McMoRan Inc.
Amount:	$800,000
Maturity:	Nov. 8, 2021
Coupon:	5.925% annual rate, payable quarterly
Price:	Par
Payout at maturity:	Par unless Freeport-McMoRan shares close below trigger value, in which case full exposure to stock’s decline
Strike value:	$38.71
Trigger value:	$27.097; 70% of the strike value
Pricing date:	May 3, 2021
Settlement date:	May 6, 2021
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48132T4E3

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