New Issue: JPMorgan sells $9.55 million digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 7 – JPMorgan Chase Financial Co. LLC priced $9.55 million of 0% digital notes due April 13, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above 80% of the initial level, the payout at maturity will be par plus 3.25%. Otherwise, investors will lose 1.25% for every 1% index decline beyond the 20% buffer.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$9.55 million
Maturity:	April 13, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index finishes at or above 80% of the initial level, par plus 3.25%; otherwise, 1.25% loss for every 1% index decline beyond the 20% buffer
Initial value:	4,019.87
Pricing date:	April 1
Settlement date:	April 8
Agent:	J.P. Morgan Securities LLC
Fees:	1.03%
Cusip:	48132TMR4

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