New Issue: JPMorgan prices $4 million buffered digital notes linked to Russell 2000, S&P 500

By William Gullotti

Buffalo, N.Y., March 27 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% buffered digital notes due April 25, 2024 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes at or above 90% of its initial level, the payout at maturity will be par plus 12.5%.

If the worst performer declines by more than 10% but finishes at or above the 75% digital barrier, the payout will be par plus 12.5% less 1% for each 1% decline of that index beyond 10%.

Otherwise, investors will lose 1% for every 1% the worst performing index declines 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:	Russell 2000 index and S&P 500 index
Amount:	$4,004,000
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above 90% of its initial level, par plus 12.5%; if worst performer declines by more than 10% but finishes at or above digital barrier, par plus 12.5% minus 1% for every 1% decline of that index beyond 10%; otherwise, lose 1% for every 1% decline of the worst performer beyond 10%
Initial levels:	1,744.990 for Russell, 3,951.57 for S&P
Digital barrier:	1,308.7425 for Russell, 2,963.6775 for S&P; 75% of initial level
Pricing date:	March 20
Settlement date:	March 23
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133VDV9

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