New Issue: JPMorgan prices $334,000 digital dual directional notes on S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $334,000 of 0% digital dual directional notes due Nov. 22, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial, the payout at maturity will be par plus 27.5%. If the lesser-performing index falls by up to 30%, the payout will be par plus the absolute value of the return of the lesser-performing index. Otherwise, investors will lose 1% for each 1% loss of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$334,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to initial level, par plus 27.5%; if the laggard index fall by up to 30%, par plus absolute value of laggard index; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
Initial index levels:	2,578.85 for S&P 500 and 1,492.822 for Russell 2000
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48129HFG7

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