New Issue: JPMorgan prices $11.54 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 19 – JPMorgan Chase & Co. priced $11.54 million of 0% digital notes due Jan. 17, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 21.9%. If the index declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$11,538,000
Maturity:	Jan. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 21.9%; if index declines by up to 20%, par; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,921.84
Pricing date:	Jan. 14
Settlement date:	Jan. 20
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48128GKG4

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