By Wendy Van Sickle
Columbus, Ohio, June 16 – JPMorgan Chase Financial Co. LLC priced $1.48 million of autocallable contingent interest notes due June 30, 2021 linked Expedia Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 16% if the stock closes at or above its 62.3% coupon barrier on the review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the stock finishes below its 62.3% buffer level, in which case investors will lose 1.60514% for each 1% stock decline beyond 37.7%.
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 stock: | Expedia Group, Inc.
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Amount: | $1,475,000
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Maturity: | June 30, 2021
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Coupon: | 16% annualized, payable quarterly if stock closes at or above its coupon barrier on review date for that quarter, plus any previously unpaid quarter
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its buffer level, in which case investors will lose 1.60514% for each 1% decline beyond 37.7%
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Final level: | Average of closing levels on five trading days ending June 25, 2021
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Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than the first and final dates
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Initial level: | $82.52
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Coupon barrier/buffer level: | $51.40996, 62.3% of initial level
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Pricing date: | June 12
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Settlement date: | June 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132MGT2
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