New Issue: JPMorgan prices $20.19 million digital equity notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., May 1 – JPMorgan Chase Financial Co. LLC priced $20.19 million of 0% digital equity notes due July 9, 2019 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 85% of its initial index level, the payout at maturity will be the threshold settlement amount of $1,117.50 per $1,000 of notes.

Otherwise, investors will lose 1.1765% for each 1% decline in the index beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	S&P 500
Amount:	$20,186,000
Maturity:	July 9, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% threshold level, $1,117.50 per $1,000 of notes; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial level:	2,388.77
Pricing date:	April 27
Settlement date:	May 4
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646Q6B6

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