JPMorgan plans to sell buffered digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Dec. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Jan. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to 80% of the initial index level, the payout at maturity will be par plus the contingent digital return of at least 36.45%. The exact contingent digital return will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WMP3) will price on Dec. 27 and settle on Jan. 2.

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