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Published on 9/30/2016 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $293,000 of capped buffered return enhanced notes on gold, silver

By Devika Patel

Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC priced $293,000 of 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 a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any gain of the lesser performing trust, up to a maximum return of 45%. Investors will receive par if the lesser performing trust declines by 15% or less and will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped buffered return enhanced notes
Underlying funds:SPDR Gold trust and the SPDR Silver trust
Amount:$293,000
Maturity:Oct. 2, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times any gain of the lesser performing trust, capped at 45%; par if the lesser performing trust falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial levels:$126.62 for SPDR Gold and $18.17 for iShares Silver
Pricing date:Sept. 27
Settlement date:Sept. 30
Agent:J.P. Morgan Securities LLC
Fees:2.75%
Cusip:46646EYW6

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