New York, April 7 – JPMorgan Chase Financial Co. LLC priced $1.19 million of autocallable contingent interest notes due Jan. 5, 2024 linked to Tesla, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 27.35%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Sept. 30, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 60% trigger level in which case 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Tesla, Inc. (Ticker: TSLA)
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Amount: | $1,185,000
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Maturity: | Jan. 5, 2024
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Coupon: | 27.35%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the underlying stock
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Call: | Automatically starting Sept. 30, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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Initial level: | $1,077.60
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Trigger level: | $646.56, 60% of initial level
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Coupon barrier: | $754.32, 70% of the initial level
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133DU57
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