New Issue: JPMorgan sells $45,000 buffered digital notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Aug. 12 – JPMorgan Chase Financial Co. LLC priced $45,000 of 0% buffered digital notes due Aug. 4, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent digital return of 18%.

If either index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.

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:	Buffered digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$45,000
Maturity:	Aug. 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the contingent digital return of 18%; if either index falls by up to 10%, par; otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%
Initial levels:	3,271.12 for S&P, 1,480.427 for Russell
Buffers:	90% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.63889%
Cusip:	48132MPT2

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