Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $375,000 of autocallable contingent interest notes due Nov. 2, 2022 linked to Signature Bank common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.9% if the stock closes above the 75% interest barrier level on quarterly review dates. Previously unpaid coupons will also be paid.
The securities will be called automatically at par starting Jan. 28, 2022 and on any subsequent quarterly review date if the stock closes above its initial level.
At maturity the payout will be par unless the stock closes below its 75% trigger level in which case investors will be fully exposed to the decline of the stock.
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 stock: | Signature Bank (Ticker: SBNY)
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| Amount: | $375,000
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| Maturity: | Nov. 2, 2022
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| Coupon: | 12.9% annual rate, payable quarterly if the stock closes above interest barrier level on related observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically at par starting Jan. 28, 2022 and on any subsequent quarterly review date if stock closes above initial level
|
| Initial level: | $305.53
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| Interest barrier level: | $229.1475, 75% of initial level
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| Trigger level: | $229.1475, 75% of initial level
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| Pricing date: | Oct. 15, 2021
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| Settlement date: | Oct. 20, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
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| Cusip: | 48132YBR5
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