Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $330,000 of 0% uncapped buffered return enhanced notes due Jan. 30, 2025 linked to the lesser performing of the SPDR Gold Trust and iShares Silver 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 105% 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 15% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
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| Underlying ETFs: | SPDR Gold Trust and iShares Silver Trust
|
| Amount: | $330,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains par plus 105% of worst performing ETF return; par if worst performing ETF declines but by no more than 15% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial levels: | $183.30 for Gold, $22.91 for Silver
|
| Buffer levels: | 85% of initial levels
|
| Upside leverage: | 105%
|
| Cap: | None
|
| Buffer: | 15%
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.80871%
|
| Cusip: | 48133X7A8
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