New Issue: JPMorgan prices $1.23 million digital barrier notes linked to cruise stocks

Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% digital barrier notes due April 20, 2023 linked to the least performing of the common stocks of Royal Caribbean Cruises Ltd., Carnival Corp. and the ordinary shares of Norwegian Cruise Line Holdings Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing stock finishes at or above its 50% of its initial level, the payout at maturity will be par plus the digital upside return of 35%.

Otherwise, investors will be fully exposed to the decline of the least performing stock from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying stocks:	Royal Caribbean Cruises Ltd., Carnival Corp. and Norwegian Cruise Line Holdings Ltd.
Amount:	$1,233,000
Maturity:	April 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser performing stock finishes at or above its 50% of its initial level, par plus 35%; otherwise, full exposure to the decline of the worst performing stock from its initial level
Initial levels:	$85.39 for Royal Caribbean, $27.03 for Carnival, $28.32 for Norwegian
Barrier levels:	$42.695 for Royal Caribbean, $13.515 for Carnival, $14.16 for Norwegian; 50% of initial levels
Pricing date:	April 16
Settlement date:	April 21
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132TVE3

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