By Susanna Moon
Chicago, June 22 – JPMorgan Chase Financial Co. LLC priced $2.38 million of 0% capped buffered return enhanced notes due June 22, 2020 linked to linked to a basket containing the SPDR Gold Trust and the iShares Silver Trust, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 70%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
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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| Underliers: | SPDR Gold Trust and the iShares Silver Trust, equally weighted
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| Amount: | $2,383,000
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| Maturity: | June 22, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any basket gain, capped at 70%; par if basket declines by 15% or less; 1% loss for each 1% decline beyond 15%
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| Initial levels: | $123.95 for gold fund and $16.60 for silver fund
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| Pricing date: | June 17
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 46646EHC9
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