New Issue: JPMorgan sells $501,000 contingent buffered notes on gold, silver ETFs

By Marisa Wong

Los Angeles, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $501,000 of 0% uncapped contingent buffered return enhanced notes due Sept. 30, 2025 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.

The payout at maturity will be par plus 1.75 times any gain in the lesser performing ETF. If either ETF falls but neither falls by more than 40%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing ETF from its initial value.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered return enhanced notes
Underlying ETFs:	SPDR Gold Trust and iShares Silver Trust
Amount:	$501,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.75 times any gain in the lesser performing ETF; if either ETF falls but neither falls by more than 40%, par; otherwise, full exposure to the decline of the lesser performing ETF from its initial value
Initial values:	$174.94 for gold trust and $21.30 for silver trust
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	3.74401%
Cusip:	48132MT35

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