New Issue: JPMorgan prices $10.98 million digital equity notes linked to Stoxx

By Sarah Lizee

Olympia, Wash., Oct. 16 – JPMorgan Chase Financial Co. LLC priced $10.98 million of 0% digital equity notes due June 16, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least 87.5% of its initial level, the payout at maturity will be the threshold settlement amount, $1,141 per $1,000 of notes.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline of the index beyond 12.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Company LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	Euro Stoxx 50 index
Amount:	$10,977,000
Maturity:	June 16, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least 87.5% of its initial level, $1,141 per $1,000 of notes; par if the index falls by up to 12.5%; 1.1429% loss for every 1% decline of the index beyond 12.5%
Initial level:	3,493.96
Pricing date:	Oct. 10
Settlement date:	Oct. 18
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132FVR4

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