JPMorgan to price capped contingent buffered notes linked to gold

By Sarah Lizee

Olympia, Wash., July 23 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered notes due July 29, 2022 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price, the payout at maturity will be par plus the gold return, subject to a maximum return that is expected to be at least 51% and will be set at pricing.

If the final price is equal to the initial price or is less than the initial price by up to 10%, the payout will be par.

If the final price is less than the initial price by more than 10%, investors will lose 1% for every 1% that the final price is less than the initial price.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price July 26.

The Cusip number is 48130URL1.

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