New York, May 27 – JPMorgan Chase Financial Co. LLC priced $1.51 million of autocallable contingent interest notes due Nov. 25, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon valued at 8.75% over the term of the notes, payable at a rate of 4.375% per quarter, if the underlying fund closes at or above its 50% trigger level on the related observation date.
The securities will be called automatically at par on any determination date if the ETF closes at or above its initial level.
At maturity, the payout will be par unless the ETF finishes below its 50% 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | ARK Innovation ETF (Ticker: ARKK)
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| Amount: | $1.51 million
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| Maturity: | Nov. 25, 2022
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| Coupon: | 8.75% over the term of the notes, payable at a rate of 4.375% per quarter if the underlying fund closes at or above its 50% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
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| Call: | Automatically at par on any determination date if the ETF closes at or above its initial level
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| Initial level: | $42.41
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| Trigger levels: | $21.205, 50% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.6%
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| Cusip: | 48133GHX4
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