JPMorgan eyes contingent buffered return enhanced notes on ETFs

By Sarah Lizee

Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Aug. 29, 2025 linked to the lesser performing of the SPDR Gold Trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each asset finishes above its initial level, the payout at maturity will be par plus 1.78 times the gain of the lesser performing asset.

Investors will receive par if the lesser performing asset falls by up to 40%.

Otherwise, investors will lose 1% for each 1% decline of the worse performing asset from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 26.

The Cusip number is 48132M7A3.

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