New Issue: JPMorgan prices $5.17 million of digital notes tied to Stoxx, Russell

By Devika Patel

Knoxville, Tenn., March 31 – JPMorgan Chase Financial Co. LLC priced $5.17 million of digital notes due April 30, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus a contingent digital return of 6.15% if each index closes at or above the 60% trigger level on each day during the life of the notes.

If either index ever closes below its 60% trigger level, investors will receive par, unless either index also finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$5,171,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 6.15% if each index closes at or above the trigger level on every day during the life of the notes; if either index ever closes below the trigger level, par, unless either index also finishes below its initial level, in which case 1% loss for each 1% decline of worse performing index
Initial levels:	3,475.27 for Stoxx and 1,371.645 for Russell
Trigger levels:	2,085.162 for Stoxx and 822.987 for Russell; 60% of initial levels
Pricing date:	March 31
Settlement date:	April 3
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646QX75

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