Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.41 million of autocallable yield notes due June 23, 2023 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.8%, paid quarterly.
The securities will be called automatically at par starting Dec. 19, 2022 and on any subsequent quarterly review date if the stock closes above its initial level.
If the stock gains or ends above its 60% of the strike 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: | Boeing Co.
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| Amount: | $1.41 million
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| Maturity: | June 23, 2023
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| Coupon: | 7.8% 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
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| Call: | Automatically at par starting Dec. 19, 2022 and on any subsequent quarterly review date if stock closes above initial level
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| Initial level: | $192.63
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| Downside threshold: | $115.578, 60% of initial level
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| Strike date: | Dec. 17, 2021
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| Pricing date: | Dec. 20, 2021
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| Settlement date: | Dec. 23, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48133CFB3
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