JPMorgan plans buffered return enhanced notes on gold, silver funds

By Marisa Wong

Morgantown, W.Va., Aug. 10 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Aug. 28, 2020 linked to 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 fund finishes at or above its initial value, the payout at maturity will be par plus 1.5 times any gain of the lesser performing fund, subject to a maximum return of 130% to 150%.

Investors will receive par if neither fund falls by more than 15% and will lose 1% for every 1% that the lesser performing fund declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 25 and settle on Aug. 30.

The Cusip number is 46646ETP7.

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