Kiku Steinfeld
Chicago, June 6 – JPMorgan Chase Financial Co. LLC priced $385,000 of autocallable contingent interest notes due Nov. 21, 2024 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.15%, paid monthly, if the underlying fund closes at or above its 65% trigger level on the related monthly observation date.
The securities will be called automatically starting May 16, 2022 and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 65% trigger level, in which case investors will be fully exposed to the decline of the ETF.
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.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETF: | ARK Innovation ETF (Ticker: ARKK)
|
| Amount: | $385,000
|
| Maturity: | Nov. 21, 2024
|
| Coupon: | 8.15%, paid monthly, if the underlying fund closes at or above its 65% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting May 16, 2022 and on any subsequent quarterly review date
|
| Initial level: | $118.92
|
| Trigger levels: | $77.298, 65% of initial level
|
| Pricing date: | Nov. 16, 2021
|
| Settlement date: | Nov. 19, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.87857%
|
| Cusip: | 48132YSU0
|
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