By Taylor Fox
New York, March 12 – JPMorgan Chase Financial Co. LLC priced $524,000 of autocallable contingent interest notes due Aug. 31, 2022 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly interest payment at a rate of 14.5% if the fund closes above its coupon barrier, 70% of its initial price, on the relevant review date.
If the fund closes above its initial level on any monthly review date other than the first, second and final, the notes will be automatically called at par.
The payout at maturity will be par unless the fund finishes below its trigger level, 70% of its initial price.
Otherwise, investor will be fully exposed to the decline of the fund at maturity.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying fund: | iShares Global Clean Energy ETF
|
| Amount: | $524,000
|
| Maturity: | Aug. 31, 2022
|
| Coupon: | 14.5% annual rate, payable monthly if fund closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless fund finishes below its trigger level, in which case full exposure to losses
|
| Call: | At par if fund finishes above initial level on any monthly review date other than the first, second and final date
|
| Initial price: | $25.85
|
| Coupon barrier: | $18.095, 70% of initial price
|
| Trigger value: | $18.095, 70% of initial price
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.46636%
|
| Cusip: | 48132R6D7
|
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