Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $320,000 of autocallable contingent interest notes due Sept. 29, 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 will pay contingent monthly interest at an annual rate of 8% if the ETF closes at or above its 70% interest barrier on the related review date.
The notes will be called at par plus the coupon if the ETF closes at or above its initial level on any monthly review date other than the first, second and final dates.
The payout at maturity will be par unless the ETF finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the ETF from its initial level.
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 ETF: | VanEck Vectors Gold Miners ETF
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Amount: | $320,000
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Maturity: | Sept. 29, 2022
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Coupon: | 8% annual rate, payable monthly if the ETF closes at or above its interest barrier on the related monthly review date
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Price: | Par
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Payout at maturity: | Par unless ETF finishes below its trigger level, in which case 1% loss for every 1% decline from ETF’s initial level
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Call: | Automatically at par plus the contingent interest payment if the ETF closes at or above its initial level on any monthly review date other than first, second and final dates
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Initial level: | $32.77
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Interest barrier: | $22.939; 70% of initial level
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Trigger level: | $22.939; 70% of initial level
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.06055%
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Cusip: | 48132TGS9
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