New Issue: JPMorgan prices $1.72 million autocallable contingent interest notes on MerQube

Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $1.72 million of autocallable contingent interest notes due Nov. 19, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 9%, paid quarterly, if the underlying index closes at or above its 70% interest barrier level on the related monthly observation date.

The securities will be called automatically at par on any quarterly review date after one year.

At maturity the payout will be par unless the index closes below its 50% trigger level, in which case investors will be fully exposed to the decline.

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
Underlying index:	MerQube US Tech+ Vol Advantage
Amount:	$1,724,000
Maturity:	Nov. 19, 2026
Coupon:	9%, paid quarterly, if the underlying index closes at or above its trigger level on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless index closes below its trigger level, in which case investors will be fully exposed to the decline
Call:	Automatically at par on any quarterly review date after one year
Initial level:	11,199.05
Interest barrier level:	7,839.335, 70% of initial level
Trigger level:	5,599.525, 50% of initial level
Pricing date:	Nov. 15, 2021
Settlement date:	Nov. 17, 2021
Agent:	J.P. Morgan Securities LLC
Fees:	5%
Cusip:	48132YLL7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.