By Sarah Lizee
Olympia, Wash., July 7 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 0% capped buffered return enhanced notes due July 1, 2024 linked to an unequally-weighted basket consisting of the VanEck Vectors Gold Miners ETF with a 65% weight and the Global X Silver Miners ETF with a 35% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any basket gain up to par plus 67.35%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline 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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| Basket components: | VanEck Vectors Gold Miners ETF with a 65% weight and Global X Silver Miners ETF with a 35% weight
|
| Amount: | $2.52 million
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| Maturity: | July 1, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, capped at par plus 67.35%; if basket falls by up to buffer level, par; otherwise, 1% loss for each 1% decline beyond buffer
|
| Initial index levels: | $35.19 for gold ETF, $35.46 for silver ETF
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| Buffer level: | 85% of initial basket level
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| Pricing date: | June 26
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| Settlement date: | July 1
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
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| Cusip: | 48132MNQ0
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