New Issue: JPMorgan sells $168,000 digital equity notes due 2019 tied to S&P 500

By Sarah Lizee

Olympia, Wash., June 12 – JPMorgan Chase Financial Co. LLC priced $168,000 of 0% digital equity notes due Sept. 11, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is at least negative 10%, the payout at maturity will be the threshold settlement amount of $1,087 per $1,000 of notes.

Otherwise, investors will lose 1.1111% for each 1% decline in the index beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	S&P 500
Amount:	$168,000
Maturity:	Sept. 11, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, threshold settlement amount of $1,087 per $1,000 of notes; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,779.03
Pricing date:	June 8
Settlement date:	June 15
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48129MZV1

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