By Kiku Steinfeld
Chicago, May 23 – JPMorgan Chase Financial Co. LLC priced $1.02 million of autocallable contingent interest notes due Oct. 18, 2024 linked to the stock of Baker Hughes Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting April 18, 2022.
At maturity the payout will be par unless the stock closes below its 65% 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Baker Hughes Co. (Ticker: BKR)
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| Amount: | $1,018,000
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| Maturity: | Oct. 18, 2024
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| Coupon: | 9.5%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date
|
| Price: | Par
|
| 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 stock
|
| Call: | Automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting April 18, 2022
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| Initial levels: | $26.89
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| Trigger levels: | $17.4785, 65% of initial levels
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| Pricing date: | Oct. 15, 2021
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| Settlement date: | Oct. 20, 2021
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132WS34
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