By Kiku Steinfeld
Chicago, June 8 – JPMorgan Chase Financial Co. LLC priced $685,000 of autocallable contingent interest notes due May 22, 2023 linked to the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.5%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par starting Feb. 17, 2022 and on any subsequent quarterly review date if the price of the underlying fund is greater than or equal to its initial price.
The payout will be par unless the ETF finishes below its initial level and ever closes below its 70% trigger level, in which case investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | VanEck Vectors Junior Gold Miners ETF (Ticker: GDXJ)
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| Amount: | $685,000
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| Maturity: | May 22, 2023
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| Coupon: | 11.5%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Automatically at par unless the ETF finishes below its initial level and ever closes below its trigger level, in which case 1% loss for each 1% decline
|
| Call: | Automatically at par starting Feb. 17, 2022 and on any subsequent quarterly review date if the price of the underlying fund is greater than or equal to its initial price
|
| Initial level: | $47.38
|
| Trigger level: | $33.166, 70% of initial level
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| Pricing date: | Nov. 17, 2021
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| Settlement date: | Nov. 22, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132YVP7
|
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