Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $980,000 of callable contingent interest notes due Dec. 21, 2023 linked to the common stock of BHP Group Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.85%, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date.
The securities may be called at par starting after six months and on any subsequent quarterly review date.
If the stock gains or ends at or above its 60% trigger level, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its trigger level.
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: | Callable contingent interest notes
|
| Underlying stock: | BHP Group Ltd.
|
| Amount: | $980,000
|
| Maturity: | Dec. 21, 2023
|
| Coupon: | 8.85%, paid quarterly, if the underlying stock closes at or above its coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its trigger level, par; 1% loss for every 1% that stock declines if it finishes below its trigger level
|
| Call: | At par starting after six months and on any subsequent quarterly review date at issuer’s option
|
| Initial level: | $58.27
|
| Coupon barrier: | $34.962, 60% of initial level
|
| Trigger level: | $34.962, 60% of initial level
|
| Pricing date: | Dec. 17, 2021
|
| Settlement date: | Dec. 22, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48133CDT6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
