New York, Sept. 13 – JPMorgan Chase Financial Co. LLC priced $6.5 million of 0% uncapped buffered return enhanced notes due Sept. 12, 2024 linked to the VanEck Gold Miners ETF and SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout at maturity will be par plus 150% of the return of the worst performing ETF. The payout will be par if the worst performing ETF declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the worst performing ETF 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: | Uncapped buffered return enhanced notes
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| Underlying ETFs: | VanEck Gold Miners ETF and SPDR Gold Trust
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| Amount: | $6.5 million
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| Maturity: | Sept. 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains par plus 150% of worst performing ETF return; par if worst performing ETF declines but by no more than 20% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
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| Initial levels: | $158.98 for SPDR Gold Trust, $24.36 for VanEck Gold Miners ETF
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| Upside leverage: | 150%
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| Cap: | None
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| Buffer: | 20%
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48133MV98
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