By Kiku Steinfeld
Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $2.22 million of 0% capped buffered return enhanced notes due Dec. 30, 2022 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.
If each fund gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing fund, capped at par plus 26%.
If either fund finishes flat or falls by up to 15% of its initial level, the payout will be par.
If either fund falls by more than 15%, investors will lose 1% for every 1% that the lesser-performing fund declines beyond the buffer.
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: | Capped buffered return enhanced notes
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| Underlying funds: | SPDR Gold trust and the iShares Silver trust
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| Amount: | $2.22 million
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| Maturity: | Dec. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each fund gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing fund, capped at par plus 26%; if either fund finishes flat or falls by up to 15% of its initial level, the payout will be par; if either fund falls by more than 15%, investors will lose 1% for every 1% that the lesser-performing fund declines beyond the buffer
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| Initial levels: | $166.59 for gold, $24.18 for silver
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48132UNJ8
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