By Cady Vishniac
Detroit, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $1.35 million of autocallable contingent interest notes due July 3, 2023 linked to the common stock of ZoomInfo Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly contingent interest payment at an annual rate of 15% if the stock closes above its 70% interest barrier price on the related review date.
If the stock closes above its call price, 90% of its initial price, on any quarterly review date except the final review date, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus the final coupon if the stock finishes at or above its 70% trigger price.
Otherwise, investors will be fully exposed to the decline of the stock.
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: | ZoomInfo Technologies, Inc.
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| Amount: | $1.35 million
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| Maturity: | July 3, 2023
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| Coupon: | 15% annual rate, payable quarterly, if stock closes at or above coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par plus interest payment if stock finishes at or above trigger price; otherwise, full exposure to losses of stock
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| Call: | At par plus interest payment if stock closes above 90% of initial price on quarterly review date except the final one
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| Initial price: | $45.27
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| Interest barrier/trigger price: | $31.689, 70% of initial price
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| Call price: | 90% of initial price
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48132RAD2
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