Chicago, June 6 – JPMorgan Chase Financial Co. LLC priced $1.01 million of autocallable contingent interest notes due Feb. 24, 2023 linked to the lesser performing of the Energy Select Sector SPDR fund and SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.5%, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting May 19, 2022 and on any subsequent monthly review date if both funds close above their initial levels.
At maturity the payout will be par unless the worst performing ETF closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETFs: | Energy Select Sector SPDR fund and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1,009,000
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| Maturity: | Feb. 24, 2023
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| Coupon: | 11.5% annual rate, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
| Call: | Automatically starting May 19, 2022 and on any subsequent monthly review date if both funds close above initial levels
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| Initial levels: | $54.67 for Energy, $98.77 for Oil
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| Trigger levels: | $38.269 for Energy, $69.139 for Oil, 70% of initial levels
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| Pricing date: | Nov. 19, 2021
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| Settlement date: | Nov. 24, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
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| Cusip: | 48132YTR6
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