New Issue: JPMorgan sells $500,000 buffered digital notes on Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due March 23, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish at or above 84% of their initial levels, the payout at maturity will be par plus a 9% digital return.

Otherwise, investors will lose 1% for each 1% decline beyond the 16% buffer.

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:	Russell 2000 and S&P 500
Amount:	$500,000
Maturity:	March 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9% digital return if both indexes finish at or above 84% of initial levels; otherwise, 1% loss for each 1% decline beyond 16% buffer
Initial levels:	2,182.202 for Russell, 4,357.73 for S&P
Buffer levels:	84% of initial levels
Pricing date:	Sept. 24
Settlement date:	Sept. 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48132WXJ3

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