JPMorgan plans capped buffered return enhanced notes on gold, silver

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Oct. 2, 2019 linked to the lesser performing of the SPDR Gold trust and the SPDR Silver trust, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus 1.25 times any gain of the lesser performing trust, up to a maximum return that is expected to be between 45% and 50% and will be set at pricing. Investors will receive par if the lesser performing trust declines by 15% or less and will be exposed to any declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646EYW6) will price on Sept. 27 and settle on Sept. 30.

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