New Issue: JPMorgan prices $2.05 million market-linked notes due 2024 tied to gold

By Jennifer Chiou

New York, April 30 - JPMorgan Chase & Co. priced $2.05 million of 0% market-linked notes due April 30, 2024 tied to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of gold finishes above its initial price, the payout at maturity will be par plus the greater of a 10% return and any gain in the price of gold up to a maximum return of 61%.

If the price of gold falls or stays flat, investors will receive par plus 10%.

J.P. Morgan Securities LLC is the agent with UBS Financial Services Inc. as dealer.

Issuer:	JPMorgan Chase & Co.
Issue:	Market-linked notes
Underlying asset:	Gold
Amount:	$2.05 million
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final gold price is above initial price, par plus greater of 10% return and gold return, up to maximum return of 61%; par plus 10% if gold price falls or stays flat
Initial price:	$1,301.25
Pricing date:	April 25
Settlement date:	April 30
Agent:	J.P. Morgan Securities LLC
Dealer:	UBS Financial Services Inc.
Fees:	5%, used for selling commissions
Cusip:	48127F731

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