New Issue: JPMorgan prices $30.72 million digital equity notes due 2022 linked to index basket

By Wendy Van Sickle

Columbus, Ohio, March 11 – JPMorgan Chase Financial Co. LLC priced $30.72 million of 0% digital equity notes due Sept. 9, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is at least zero, the payout at maturity will be the threshold settlement amount of $1,351.50 per $1,000 of notes.

Otherwise, investors will be fully exposed to any decline in the basket.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$30,715,000
Maturity:	Sept. 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, $1,351.50 per $1,000 of notes; otherwise, full exposure to any basket loss
Initial levels:	3,371.97 for Stoxx, 1,505.12 for Topix, 6,718.2 for FTSE, 10,087.4 for Swiss Market, 6,435.682 for S&P/ASX
Pricing date:	March 3
Settlement date:	March 10
Agent:	J.P. Morgan Securities LLC
Fees:	2.51%
Cusip:	48132KCV5

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