By William Gullotti
Buffalo, N.Y., June 17 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due Dec. 15, 2022 linked to the performance of 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 monthly contingent interest payment at an annual rate of 9% if the ETF closes above its 80% coupon barrier level on the relevant review date.
If the ETF closes above its initial level on any monthly review date other than the first, second and final ones, 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 ETF closes at or above its trigger price,70% of its initial price.
Otherwise, investors will be fully exposed to the decline of the ETF.
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: | $750,000
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| Maturity: | Dec. 15, 2022
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| Coupon: | 9% annual rate, payable monthly if the ETF closes at or above coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par plus interest payment if the ETF finishes above trigger price; otherwise, full exposure to losses of the ETF
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| Call: | At par plus interest payment if the ETF finishes above initial level on monthly review date other than the first, second and final dates
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| Initial price: | $38.28
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| Coupon barrier level: | $30.624; 80% of initial price
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| Trigger level: | $26.796; 70% of initial price
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48132UA86
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