By Taylor Fox
New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $990,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 25, 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 fund finishes at or above its initial level, the payout at maturity will be par plus 1.75 times the gain of the lesser performing fund.
Investors will receive par if the lesser performing fund falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing fund.
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: | Uncapped contingent buffered return enhanced notes
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Underlying funds: | SPDR Gold Trust and the iShares Silver Trust
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Amount : | $990,000
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Maturity: | Oct. 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each fund finishes at or above initial level, par 1.75 times any gain of worse performing fund; par if worse performing fund falls by up to 40%; otherwise, 1% loss for each 1% decline of worse performing fund
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Initial levels: | $179.25 for gold and $23.02 for silver
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Buffer levels: | 60% of initial levels
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Pricing date: | Oct. 20
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Settlement date: | Oct. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132PC28
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