Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $905,000 of autocallable contingent interest notes due Nov. 15, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.6%, payable quarterly, if the stock closes above its 70% interest barrier level on a related observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Feb. 14, 2022 and on any subsequent quarterly review date if the stock closes above its initial level.
At maturity the payout will be par if the stock closes above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the 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 stock: | Nvidia Corp. (Ticker: NVDA)
|
| Amount: | $905,000
|
| Maturity: | Nov. 15, 2024
|
| Coupon: | 13.6% annual rate, payable quarterly if stock closes above interest barrier level on related observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par if the stock closes above trigger level; otherwise, investors will be fully exposed to the decline in the stock
|
| Call: | Automatically starting Feb. 14, 2022 and on any subsequent quarterly review date if stock closes above initial level
|
| Initial level: | $303.90
|
| Interest barrier level: | $212.73, 70% of initial level
|
| Trigger level: | $212.73, 70% of initial level
|
| Pricing date: | Nov. 12, 2021
|
| Settlement date: | Nov. 17, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132YUU7
|
|
|
© 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.
