By William Gullotti
Buffalo, N.Y., Sept. 23 – JPMorgan Chase Financial Co. LLC priced $1.51 million of 0% capped return enhanced notes due Sept. 2, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus three times the gain with the payout capped at par plus 31.5%.
Investors will be fully exposed to any ETF decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying fund: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,507,000
|
| Maturity: | Sept. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any ETF gain, capped at par plus 31.5%; full exposure to losses
|
| Initial value: | $33.98
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48132UTV5
|
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