By Kiku Steinfeld
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $470,000 of autocallable contingent interest notes due March 6, 2023 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 13.55%, plus any previously unpaid coupons, if the stock finishes at or above its 80% coupon barrier on the corresponding quarterly determination date.
The securities will be called automatically June 1, 2022 at par if the stock closes at or above its initial level on any quarterly determination date.
At maturity the payout will be par if the stock closes at or above its 80% trigger level. Otherwise 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Apple Inc. (Ticker: AAPL)
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Amount: | $470,000
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Maturity: | March 6, 2023
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Coupon: | 13.55%, plus any previously unpaid coupons, if the stock finishes at or above its coupon barrier on the corresponding quarterly determination date
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Price: | Par
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Payout at maturity: | Par if the stock closes at or above the trigger level; otherwise investors will be fully exposed to the decline in the stock
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Call: | Automatically starting June 1, 2022 at par if stock closes at or above its initial level on any quarterly determination date
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Initial level: | $172.55
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Trigger level: | $138.04, 80% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133DEU0
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