Kiku Steinfeld
Chicago, June 6 – JPMorgan Chase Financial Co. LLC priced $1 million of yield notes due Feb. 22, 2022 linked to the common stock of InMode Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a coupon of 0.75% per month, or 2.25% over the term of the notes. This is equivalent to an interest rate of 9% per year.
The payout at maturity will be par unless shares finish below the 60.69929%trigger level, in which case investors will be fully exposed to any losses.
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: | Yield notes
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| Underlying stock: | InMode Ltd.
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| Amount: | $1 million
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| Maturity: | Feb. 22, 2022
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| Coupon: | 0.75%, payable monthly; 2.25% over the term of the notes
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below trigger level, in which case full exposure to any losses
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| Initial share price: | $95.24
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| Trigger value: | $57.81; 60.69929% of the strike value
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| Pricing date: | Nov. 16, 2021
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| Settlement date: | Nov. 19, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132YXJ9
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