Chicago, May 18 – JPMorgan Chase Financial Co. LLC priced $1.02 million of autocallable contingent interest notes due Oct. 26, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The level of the index reflects a deduction of 6% per annum that accrues daily.
Investors will receive a coupon of 10.1%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 21, 2022 and on any subsequent monthly review date if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | MerQube US Tech+ Vol Advantage index
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Amount: | $1,021,000
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Maturity: | Oct. 26, 2026
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Coupon: | 10.1%, paid monthly, if the underlying index closes at or above its coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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Call: | Automatically starting Oct. 21, 2022 and on any subsequent monthly review date if the index closes above its initial level
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Initial levels: | 10,229.42
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Coupon barrier: | 7,160.594, 70% of initial level
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Trigger levels: | 6,137.652, 60% of initial level
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Strike date: | Oct. 21, 2021
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Pricing date: | Oct. 25, 2021
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Settlement date: | Oct. 28, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.85%
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Cusip: | 48132YGQ2
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