New Issue: JPMorgan prices $400,000 digital notes linked to three stocks

By Sarah Lizee

Olympia, Wash., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% digital notes due Jan. 9, 2020 linked to the lesser performing of Banco Bradesco SA, Itaú Unibanco Holding SA and Vale SA, according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes above its above its initial price, the payout at maturity will be par plus 27%.

Otherwise, the payout will be par plus the return of the least performing stock, with full exposure to the decline.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying shares:	Banco Bradesco SA, Itaú Unibanco Holding SA and Vale SA
Amount:	$400,000
Maturity:	Jan. 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes above its above its initial price, par plus 27%; otherwise, par plus the return of the least performing stock, with full exposure to the decline
Initial levels:	$7.99 for Banco Bradesco, $8.23 for Itaú Unibanco Holding and $11.45 for Vale
Pricing date:	Oct. 7
Settlement date:	Oct. 9
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48132FXD3

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