New York, June 9 – JPMorgan Chase Financial Co. LLC priced $1.05 million of callable contingent interest notes due May 31, 2024 linked to the class A common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.9%, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly observation date.
The securities may be called at par on any quarterly review date starting Dec. 1, 2022.
If the stock gains or ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
|
| Underlying stock: | Meta Platforms, Inc.
|
| Amount: | $ 1,053,000
|
| Maturity: | May 31, 2024
|
| Coupon: | 12.9%, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that stock declines from initial level
|
| Call: | Starting Dec. 1, 2022 and on any subsequent quarterly review date at par
|
| Initial level: | $195.13
|
| Downside threshold: | $97.565, 50% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
|
|
| Cusip: | 48133GNJ8
|
|
|
|
|
© 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.
