Chicago, May 12 – JPMorgan Chase Financial Co. LLC priced $1.14 million of autocallable contingent interest notes due July 10, 2023 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.45%, paid monthly, if the underlying fund closes at or above its 75% interest barrier on the related monthly observation date.
The securities will be called automatically starting April 5, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the fund closes below its 75% buffer level in which case investors will be exposed to the decline of the fund beyond the 25% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 (Ticker: GDX)
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Amount: | $1.14 million
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Maturity: | July 10, 2023
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Coupon: | 4.45% annual rate, paid monthly, if the underlying fund closes at or above its downside threshold on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the fund closes below its trigger level in which case investors will be exposed to the decline in the fund beyond the buffer
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Call: | Automatically starting April 5, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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Initial level: | $29.78
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Interest barrier level: | $22.335, 75% of initial level
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Buffer level: | $22.335, 75% of initial level
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Pricing date: | Oct. 5, 2021
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Settlement date: | Oct. 8, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132W4Q9
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