By Kiku Steinfeld
Chicago, June 15 – JPMorgan Chase Financial Co. LLC priced $60,000 of autocallable contingent interest notes due Dec. 14, 2022 linked to the common stock of Horizon Therapeutics plc, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent interest payment at the rate of 16.8% per year if the stock closes at or above the trigger level, 80% of the initial share price, on the observation date for that period, plus any previously unpaid coupons.
The securities will be called automatically at par on any quarterly review date.
At maturity the payout will be par unless the stock closes below the trigger level, in which case investors will be fully exposed to the decline in 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: | Horizon Therapeutics plc
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| Amount: | $60,000
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| Maturity: | Dec. 14, 2022
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| Coupon: | 16.8% per year paid quarterly plus any previously unpaid coupons if the stock closes at or above the trigger level on the observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below the trigger level, in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par on any quarterly review date if stock closes at or above initial level
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| Initial level: | $104.50
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| Trigger level: | $83.60, 80% of initial level
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| Pricing date: | Nov. 26, 2021
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| Settlement date: | Dec. 1, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132YZT5
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