Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Aug. 30, 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 9.5% if the fund closes above its coupon barrier, 60% of its initial price, on the relevant review date.
If the fund closes above its initial level on any monthly review date after six months, the notes will be automatically called at par.
The payout at maturity will be par unless the fund finishes below its trigger level, 60% of its initial price, on any day during the life of the notes. If this happens, then the payout at maturity will be par only if the fund finishes above its initial level.
Otherwise, investors will be exposed to the losses 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: | $500,000
|
| Maturity: | Aug. 30, 2022
|
| Coupon: | 9.5% annual rate, 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 on any day during the life of the notes, in which case par if fund finishes above initial level or full exposure to losses otherwise
|
| Call: | At par if fund finishes above initial level on any monthly review date after six months
|
| Initial price: | $32.33
|
| Coupon barrier: | $19.398, 60% of initial price
|
| Trigger value: | $19.398, 60% of initial price
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48132RH29
|
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