By William Gullotti
Buffalo, N.Y., May 13 – JPMorgan Chase Financial Co. LLC sold $500,000 of autocallable contingent interest notes due Oct. 11, 2024 linked to the performance of the stocks of Boeing Co. and DuPont de Nemours, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 8.35% if each stock closes at or above its interest barrier level, 60% of its initial level, on the corresponding review date.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial level on any quarterly call date after six months.
The payout at maturity will be par plus the final coupon unless any stock finishes below the 60% trigger value, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stocks: | Boeing Co., DuPont de Nemours, Inc.
|
| Amount: | $500,000
|
| Maturity: | Oct. 11, 2024
|
| Coupon: | 8.35% annualized, payable quarterly if each underlying stock closes at or above interest barrier level on relevant observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless any stock finishes below trigger level, in which case 1% loss for each 1% decline of worst performing stock from initial level
|
| Call option: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call date after six months
|
| Initial levels: | $226.39 for Boeing, $70.42 for DuPont
|
| Interest barriers: | $135.834 for Boeing, $42.252 for DuPont; 60% of initial levels
|
| Trigger values: | $135.834 for Boeing, $42.252 for DuPont; 60% of initial levels
|
| Pricing date: | Oct. 8, 2021
|
| Settlement date: | Oct. 14, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 48132YAH8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
