New Issue: JPMorgan prices $1.48 million digital notes tied to Russell, Stoxx 50

By Susanna Moon

Chicago, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $1.48 million of digital notes due Oct. 26, 2018 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If neither index ever closes below its 65% trigger level during the life of the notes, the payout at maturity will be par plus the fixed return of 7.7%.

If either index ever closes below the 65% trigger but finishes at or above its initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

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 notes
Underlying indexes:	Russell 2000 index and the Euro Stoxx 50 index
Amount:	$1,478,000
Maturity:	Oct. 26, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes above 65% trigger during life of notes, par plus 7.7%; if either index ever dips below trigger but finishes at or above initial level, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	1,369.739 for Russell, 3,438.63 for Stoxx
Triggers:	890.33035 for Russell, 2,235.1095 for Stoxx; 65% of initial levels
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46647MP80

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