By Kiku Steinfeld
Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $720,000 of autocallable contingent interest notes due Nov. 1, 2024 linked to shares of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock closes below its 60% trigger level, in which case 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: | Tesla, Inc. (Ticker: TSLA)
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Amount: | $720,000
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Maturity: | Nov. 1, 2024
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Coupon: | 14%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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Initial level: | $1,114
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Trigger levels: | $668.40, 60% of initial level
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Pricing date: | Oct. 29, 2021
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Settlement date: | Nov. 4, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48132YJF3
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