New Issue: JPMorgan sells $5 million digital dual directional buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% digital dual directional buffered notes due May 5, 2020 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 at least 85% of the initial index level, the payout at maturity will be par plus 7.85%. If the index falls by more than 15%, investors will lose 1.17647% for every 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional buffered notes
Underlying index:	S&P 500 index
Amount:	$5 million
Maturity:	May 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial index level, par plus 7.85%; otherwise, 1.17647 loss for every 1% decline beyond 15%
Initial level:	2,681.05
Final index level:	Average of index’s closing levels on five trading days ending April 30, 2020
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	J.P. Morgan Securities LLC
Fees:	0.92%
Cusip:	48130WWW7

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