By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $336,000 of autocallable contingent interest notes due Nov. 18, 2021 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 11.5% 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 starting March 15, 2021, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus any contingent interest payment due if the final level of the fund closes at or above its final barrier, 70% of its initial price.
Otherwise, investor will be fully exposed to the decline of the fund.
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 fund: | VanEck Vectors Gold Miners ETF
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| Amount: | $336,000
|
| Maturity: | Nov. 18, 2021
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| Coupon: | 11.5%, 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 March 15, 2021
|
| Initial price: | $38.01
|
| Coupon barrier level: | $26.607, 70% of initial price
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| Final barrier price: | $26.607, 70% of initial price
|
| Pricing date: | Nov. 13
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| Settlement date: | Nov. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.29204%
|
| Cusip: | 48132PXQ2
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