New Issue: JPMorgan sells $15.54 million digital equity notes linked to S&P 500

By Kiku Steinfeld

Chicago, Oct. 27 – JPMorgan Chase Financial Co. LLC priced $15.54 million of 0% medium-term, series A digital equity notes due Aug. 25, 2022 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 return is greater than or equal to negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,134.50 per $1,000 of notes.

Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.

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 index
Amount:	$15,536,000
Maturity:	Aug. 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is greater than or equal to negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,134.50 per $1,000 of notes; otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%
Initial level:	3,453.49
Threshold level:	87.5% of initial level
Pricing date:	Oct. 22
Settlement date:	Oct. 29
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132PPK4

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