JPMorgan to price capped contingent buffered return enhanced notes on gold

By Sarah Lizee

Olympia, Wash., March 19 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered return enhanced notes due Sept. 27, 2021 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the gain of the commodity, capped at par plus 23.25%.

Investors will receive par if the commodity falls by up to 15%.

Otherwise, investors will lose 1% for each 1% decline of the commodity.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 20.

The Cusip number is 48130UUL7.

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