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Published on 2/28/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.65 million contingent digital buffered notes linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% contingent digital buffered notes due Aug. 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 10%, the payout at maturity will be par plus 10.8%. Otherwise, investors will lose 1.1111% for every 1% that the final index level is less than the initial index level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Contingent digital buffered notes
Underlying index:Euro Stoxx 50
Amount:$2,654,000
Maturity:Aug. 31, 2021
Coupon:0%
Price:Par
Payout at maturity:If final level is greater than or equal to initial level or is less than initial level by up to 10%, par plus 10.8%; if final level is less than initial level by more than 10%, 1.1111% loss for every 1% that final index level is less than initial index level
Initial level:3,572.51
Final index level:Average of index’s closing levels on five trading days ending Aug. 26, 2021
Pricing date:Feb. 25
Settlement date:Feb. 28
Agent:J.P. Morgan Securities LLC
Fees:1.25%
Cusip:48132HWS7

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