By Taylor Fox
New York, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% capped buffered return enhanced notes due April 12, 2023 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.
If each index gains, the payout at maturity will be par plus 2.8765 times the return of the lesser-performing fund, capped at par plus 50%.
If either fund finishes flat or falls by up to 20% of its initial level, the payout will be par.
If either fund falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing fund declines 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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Underlying funds: | SPDR Gold trust and the iShares Silver trust
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Amount: | $520,000
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Maturity: | April 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each fund gains, the payout at maturity will be par plus 2.8765 times the return of the lesser-performing fund, capped at par plus 50%; if either fund finishes flat or falls by up to 20% of its initial level, the payout will be par; if either fund falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing fund declines beyond the buffer
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Initial levels: | $177.30 for gold and $21.73 for silver
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Buffer levels: | 80% of initial levels
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Pricing date: | Oct. 6
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Settlement date: | Oct. 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132PEB6
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