New Issue: JPMorgan prices $2.33 million digital barrier notes linked to Russell, S&P

By William Gullotti

Buffalo, N.Y., March 20 – JPMorgan Chase Financial Co. LLC priced $2.33 million of 0% digital barrier notes due April 18, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If all indexes finish at or above the 80% barrier level, the payout at maturity will be par plus 14.85%.

Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$2,326,000
Maturity:	April 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above barrier levels, par plus 14.85%; otherwise, full exposure to the decline of the worst performing index from its initial level
Initial levels:	1,744.302 for Russell, 3,855.76 for S&P
Barrier levels:	1,395.4416 for Russell, 3,084.608 for S&P; 80% of initial levels
Pricing date:	March 13
Settlement date:	March 16
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133VAU4

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