Chicago, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $1.19 million of autocallable yield notes due Feb. 13, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.55%, paid quarterly.
The securities will be called automatically at par starting Aug. 8, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
If the stock gains or ends above its 50% of the initial value, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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 yield notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $1,189,000
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| Maturity: | Feb. 13, 2024
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| Coupon: | 11.55% annual rate, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Automatically at par starting Aug. 8, 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: | $922
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| Downside threshold: | $461, 50% of initial level
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
|
| Cusip: | 48133CQ96
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