By Kiku Steinfeld
Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1.13 million of autocallable contingent interest notes due March 16, 2027 linked to the common stocks of Cigna Corp. and Dollar General Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.65%, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date.
The securities will be called automatically starting Sept. 12, 2022 at par and on any subsequent quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless the worst performing stock closes below its 50% trigger level in which case investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Cigna Corp. and Dollar General Corp.
|
| Amount: | $1.13 million
|
| Maturity: | March 16, 2027
|
| Coupon: | 11.65%, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically starting Sept. 12, 2022 at par and on any subsequent quarterly review date if each stock closes at or above its initial level
|
| Initial levels: | $226.86 for Cigna, $205.55 for Dollar
|
| Trigger levels: | $113.43 for Cigna, $102.775 for Dollar, 50% of initial level
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133DTW0
|
|
|
© 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.
