Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $679,000 of autocallable contingent interest notes due May 12, 2023 linked to the 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 12.75%, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par starting Feb. 9, 2022 and on any subsequent quarterly review date if the ETF closes above its initial level.
At maturity the payout will be par unless the ETF closes below its 70% trigger level in which case investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Autocallable contingent interest notes
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF (Ticker: XOP)
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| Amount: | $679,000
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| Maturity: | May 12, 2023
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| Coupon: | 12.75% annual rate, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting Feb. 9, 2022 and on any subsequent quarterly review date if ETF closes above initial level
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| Initial level: | $111.25
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| Trigger level: | $77.875, 70% of initial level
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| Pricing date: | Nov. 9, 2021
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| Settlement date: | Nov. 15, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.15%
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| Cusip: | 48132YQA6
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