By Kiku Steinfeld
Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $7 million of 5.1% autocallable yield notes due Oct. 5, 2022 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its strike level on Sept. 30, 2021 or March 31, 2022.
If the notes are not called, the payout at maturity will be par unless either index finishes below its buffer value, 80% of its strike level, in which case investors will lose 1.25% for every 1% decline of the least-performing index beyond 20%.
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 yield notes
|
| Underlying indexes: | S&P 500 index and Nasdaq-100 index
|
| Amount: | $7 million
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 5.1%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below its buffer value, 80% of its strike level, in which case investors will lose 1.25% for every 1% decline of the least-performing index beyond 20%
|
| Call: | Automatically at par if each index closes at or above strike level on Sept. 30, 2021 or March 31, 2022
|
| Strike levels: | 13,091.44 for Nasdaq, 3,972.89 for S&P
|
| Buffer values: | 80% of strike levels
|
| Strike date: | March 31
|
| Pricing date: | April 1
|
| Settlement date: | April 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.05%
|
| Cusip: | 48132TRS7
|
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