Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Oct. 10, 2024 linked to the least performing of the common stocks of Fortinet, Inc. and CrowdStrike Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 6% if each stock closes at or above its trigger value, 63% of its initial share price, on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly review date other than the first and final review dates.
The payout at maturity will be par unless any stock finishes below its 63% buffer value, in which case investors will be exposed to the decline of the least-performing stock beyond the 37% buffer.
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 stocks: | Fortinet, Inc. and CrowdStrike Holdings, Inc.
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| Amount: | $500,000
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| Maturity: | Oct. 10, 2024
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| Coupon: | 6% per year, payable quarterly if each stock closes at or above interest barrier value on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above buffer value; otherwise, exposure to decline of least-performing stock beyond buffer
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any quarterly review date other than first and final review dates
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| Initial share prices: | $309.62 for Fortinet, $249.88 for CrowdStrike
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| Interest barrier levels: | $195.0606 for Fortinet, $157.4244 for CrowdStrike; 63% of initial levels
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| Buffer values: | $195.0606 for Fortinet, $157.4244 for CrowdStrike; 63% of initial levels
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| Pricing date: | Oct. 8, 2021
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| Settlement date: | Oct. 14, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132YAL9
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