Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $1.24 million of autocallable contingent interest notes due Oct. 19, 2022 linked to the common stock of Expedia Group, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 13.6% if the stock closes above 70% of its initial level on the related observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Jan. 14, 2022 and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 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: | Expedia Group, Inc.
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Amount: | $1,241,000
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Maturity: | Oct. 19, 2022
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Coupon: | 13.6% annual rate, payable quarterly if stock closes above coupon barrier level; previously unpaid coupons will also be paid
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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 Jan. 14, 2022 and on any subsequent quarterly review date
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Initial level: | $169.79
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Interest barrier level: | $118.853, 70% of initial level
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Trigger level: | $118.853, 70% of initial level
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Pricing date: | Oct. 1, 2021
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Settlement date: | Oct. 6, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132W4D8
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