New Issue: JPMorgan prices $19 million digital contingent buffered notes on Russell, S&P

By Taylor Fox

New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $19 million of 0% digital contingent buffered notes due Jan. 31, 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 or falls by up to 43.44%, the payout will be par plus 5%.

Otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level.

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:	Digital contingent buffered notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$19 million
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level or falls by up to 43.44%, par plus 5%; otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level
Initial levels:	3,849.62 for S&P, 2,149.856 for Russell
Contingent buffer levels:	56.56% of initial levels
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agent:	J.P. Morgan Securities LLC
Fees:	0.2%
Cusip:	48132RQG8

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