New Issue: JPMorgan prices $2.35 million of digital dual directional notes tied to tech basket

By Susanna Moon

Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $2.35 million of 0% digital dual directional contingent buffered notes due Feb. 5, 2020 linked to a basket consisting of the common stocks of Amazon.com Inc., Facebook, Inc. and Alphabet, Inc., equally weighted, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the basket finishes at or above its 80% threshold, the payout at maturity will be the par plus the contingent digital return of 7.05%.

If the basket falls by more than its 20% contingent buffer, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying basket:	Amazon.com Inc. (Symbol: AMZN), Facebook, Inc. (Symbol: FB), Alphabet, Inc. (Symbol: GOOG)
Amount:	$2.35 million
Maturity:	Feb. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains or falls by up to 20%, par plus 7.05%; if basket falls by more than 20%, 1.25% loss for each 1% decline beyond 20%
Initial levels:	$1,696.20 for Amazon, $150.04 for Facebook and $1,098.26 for Alphabet
Contingent buffer:	20%
Pricing date:	Jan. 18
Settlement date:	Jan. 24
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48130WSQ5

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