New Issue: JPMorgan sells $1.56 million autocallable contingent interest notes on gold ETF

By Taylor Fox

New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $1.58 million of autocallable contingent interest notes due Feb. 15, 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 9.55% 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 starting Feb. 10, 2021, the notes will be automatically called at par plus the contingent interest payment.

The payout at maturity will be par plus the contingent interest payment if the final level of the fund closes at or above its final barrier, 70% of its initial price.

Otherwise, investor will be full exposed to the decline of the fund.

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:	$1,557,000
Maturity:	Feb. 15, 2022
Coupon:	9.55%, payable monthly if fund closes at or above coupon barrier on review date for that period
Price:	Par
Payout at maturity:	Par plus interest payment if fund finishes above final barrier; otherwise full exposure to losses of fund
Call:	At par plus interest payment if fund finishes above initial level on any monthly review date starting Feb. 10, 2021
Initial price:	$37.56
Coupon barrier/final barrier price:	$26.292, 70% of initial price
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Agent:	J.P. Morgan Securities LLC
Fees:	2.225%
Cusip:	48132PXK5

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