By Marisa Wong
Morgantown, W.Va., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $7.21 million of 0% buffered participation securities due Sept. 14, 2022 linked to a basket containing the VanEck Vectors Gold Miners exchange-traded fund and gold, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The fund has a weight of 50%, and the gold also has a weight of 50%.
The payout at maturity will be par plus any basket gain, up to a maximum return of 17%.
Investors will receive par if the basket falls by up to 30% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered participation securities
|
| Underlying basket: | VanEck Vectors Gold Miners ETF (50% weight) and gold (50% weight)
|
| Amount: | $7,205,000
|
| Maturity: | Sept. 14, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any basket gain, up to a maximum return of 17%; par if the basket falls by up to 30%; exposure to any losses beyond the buffer
|
| Initial levels: | $26.38 for ETF, $1,330.85 for gold
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3.5%
|
| Cusip: | 46646X423
|
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