JPMorgan plans six-year buffered notes tied to gold, VanEck gold fund

By Susanna Moon

Chicago, Sept. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered participation securities due Sept. 14, 2022 linked to a basket containing the VanEck Vectors Gold Miners exchange-traded fund and gold, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The fund has a weight of 50% and the gold also has a weight of 50%.

The payout at maturity will be par plus at least 1.5 times any basket gain, up to a maximum return of at least 17%.

Investors will receive par if the basket falls by up to 30% and will be exposed to any losses beyond the buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 9.

The Cusip number is 46646X423.

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