New Issue: JPMorgan sells $791,000 digital barrier notes on S&P, Russell

By Kiku Steinfeld

Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $791,000 of 0% digital barrier notes due Feb. 23, 2024 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 both indexes finish at or above initial levels, the payout at maturity will be par plus 25%. If any index falls below its initial level but finishes at or above its 75% barrier level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the 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 barrier notes
Underlying indexes:	S&P 500 and Russell 2000 index
Amount:	$791,000
Maturity:	Feb. 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish at or above initial levels, par plus 25%; if any index falls below its initial level but finishes at or above its 75% barrier level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
Initial levels:	2,167.600 for Russell and 4,441.67 for S&P
Barrier level:	1,625.70 for Russell and 3,331.2525 for S&P; 75% of initial levels
Pricing date:	Aug. 20
Settlement date:	Aug. 25
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132UN58

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