New Issue: JPMorgan prices $13.03 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 16 – JPMorgan Chase Financial Co. LLC priced $13.03 million of 0% digital notes due June 15, 2017 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 final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 8.25%. If the index declines by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index may decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$13,025,000
Maturity:	June 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 8.25%; if index declines by up to 10%, par; otherwise, 1% loss for every 1% that index may decline beyond 10%
Initial index level:	2,064.11
Pricing date:	May 12
Settlement date:	May 17
Agent:	J.P. Morgan Securities LLC
Fees:	0.29033%
Cusip:	46646ECV2

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