New Issue: JPMorgan prices $10.2 million digital equity-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – JPMorgan Chase Financial Co. LLC priced $10.2 million of 0% digital equity-linked notes due Nov. 9, 2022 linked to the performance of 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 return is greater than or equal to negative 12.5%, the at maturity will be par plus 7.5%. Otherwise, investors will lose 1.1429% for every 1% that the stock declines beyond 12.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity-linked notes
Underlying stock:	S&P 500 index
Amount:	$10,203,000
Maturity:	Nov. 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 12.5%, par plus 7.5%; otherwise, 1.1429% loss for every 1% that stock declines beyond 12.5%
Initial stock level:	$124.61
Buffer level:	87.5% of initial level
Pricing date:	Aug. 3
Settlement date:	Aug. 10
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132UK44

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