New Issue: JPMorgan prices $520,000 buffered digital notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% buffered digital notes due May 14, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus the fixed return of 19%.

If either index falls by up to the 10% buffer, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.

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, S&P 500
Amount:	$520,000
Maturity:	May 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 19%; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 10%
Initial values:	2,723.07 for S&P, 1,603.713 for Russell
Pricing date:	May 10
Settlement date:	May 15
Agent:	J.P. Morgan Securities LLC
Fees:	0.95%
Cusip:	48129MSF4

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