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Published on 4/27/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $7.43 million trigger in-digital notes linked to Nasdaq, Dow

By Kiku Steinfeld

Chicago, April 27 – JPMorgan Chase Financial Co. LLC priced $7.43 million of 0% trigger in-digital notes due June 25, 2021 linked to lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its digital barrier, 75% of its initial level, the payout at maturity will be par of $10 plus 14.3%. If the final level of either index is less than its downside threshold, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Trigger in-digital notes
Underlying indexes:Nasdaq-100 index and Dow Jones industrial average
Amount:$7,433,500
Maturity:June 25, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:If final level of each index is greater than or equal to digital barrier, par plus 14.3%; if final level of either index is less than downside threshold, 1% loss for every 1% that lesser-performing index declines from initial level
Initial levels:8,664.635 for Nasdaq-100 and 23,475.8 for Dow Jones
Digital barriers:6,498.476 for Nasdaq-100 and 17,606.87 for Dow Jones; 75% of initial levels
Pricing date:April 22
Settlement date:April 27
Agents:UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:2%
Cusip:48132N109

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