By William Gullotti
Buffalo, N.Y., Jan. 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due Nov. 30, 2021 linked to the common shares of Signet Jewelers Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its trigger value, 63.46076% of its strike value, in which case investors will be fully exposed to the stock’s decline.
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: | Signet Jewelers Ltd.
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| Amount: | $1 million
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| Maturity: | Nov. 30, 2021
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| Coupon: | 9% annualized, payable monthly; equivalent to a rate of 2.25% over the term of the notes
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below below trigger value, in which case full exposure to stock’s decline
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| Strike value: | $74.55
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| Trigger value: | $47.31; 63.46076% of the strike value
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| Pricing date: | Aug. 24, 2021
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| Settlement date: | Aug. 27, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.1%
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| Cusip: | 48132WHU6
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