New Issue: JPMorgan prices $737,000 knock-out digital notes tied to S&P, Gold Miners

By Toni Weeks

San Luis Obispo, Calif., Feb. 25 - JPMorgan Chase & Co. priced $737,000 of 0% knock-out digital notes due Feb. 26, 2019 linked to the S&P 500 index and Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if either underlying component closes below its initial level by more than 50% on the Feb. 21, 2019 observation date.

If a knock-out event does not occur, the payout at maturity will be par plus 43.25%. If a knock-out event occurs, investors will be fully exposed to the decline of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Knock-out digital notes
Underlying components:	S&P 500 index and Market Vectors Gold Miners ETF
Amount:	$737,000
Maturity:	Feb. 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If a knock-out event does not occur, par plus 43.25%; otherwise, full exposure to decline of worst-performing component
Knock-out event:	Either underlying component closes below its initial level by more than 50% on Feb. 21, 2019
Initial index levels:	1,836.25 for S&P, $26.53 for ETF
Buffer amounts:	918.125 for S&P, $13.265 for ETF, 50% of initial levels
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	J.P. Morgan Securities LLC
Fees:	0.1%
Cusip:	48126N4G9

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