New Issue: JPMorgan prices $3.09 million uncapped digital barrier notes linked to Russell, S&P

By William Gullotti

Buffalo, N.Y., Nov. 3– JPMorgan Chase Financial Co. LLC priced $3.09 million of 0% uncapped digital barrier notes due Oct. 31, 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 the lesser performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser performing index’s return and the digital upside return of 32%.

If the lesser performing index declines up to 30%, the payout will be par. If the lesser performing index finishes below 70% of its initial level, investors will be fully exposed to the decline of that index 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:	Uncapped digital barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$3,092,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index finishes at or above initial level, par plus greater of lesser performing index’s return and 32%; if the lesser performing index declines up to 30%, par; otherwise, full exposure to decline of worst performer
Initial levels:	3,901.06 for S&P, 1,846.921 for Russell
Barrier levels:	2,730.742 for S&P, 1,292.8447 for Russell; 70% of initial levels
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48133NU48

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