By Taylor Fox
New York, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $599,000 of autocallable contingent interest notes due April 21, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly interest payment at a rate of 10.5% if the fund closes above its coupon barrier, 70% of its initial price, on the relevant review date.
If the fund closes above its initial level on any monthly review date after three months, the notes will be automatically called at par.
The payout at maturity will be par unless the fund finishes below its trigger level, 70% of its initial price.
Otherwise, investor will be fully exposed to the decline of the fund at maturity.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying fund: | VanEck Vectors Gold Miners ETF
|
| Amount: | $599,000
|
| Maturity: | April 21, 2022
|
| Coupon: | 10.5%, payable monthly if fund closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless fund finishes below its trigger level, in which case full exposure to losses
|
| Call: | At par if fund finishes above initial level on any monthly review date after three months
|
| Initial price: | $34.51
|
| Coupon barrier level: | $24.157, 70% of initial price
|
| Trigger level: | $24.157, 70% of initial price
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50334%
|
| Cusip: | 48132RFG0
|
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