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Published on 5/24/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.5 million digital dual directional contingent buffered notes on Kohl’s

By Wendy Van Sickle

Columbus, Ohio, May 24 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% digital dual directional contingent buffered notes due June 5, 2020 linked to Kohl’s Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the stock finishes at or above its initial level or falls by up to the 50% contingent buffer, the payout will be par plus 7.2%.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Digital dual directional contingent buffered notes
Underlying stock:Kohl’s Corp.
Amount:$1.5 million
Maturity:June 5, 2020
Coupon:0%
Price:Par
Payout at maturity:If stock gains or falls by up to 50%, par plus 7.2%; otherwise, 1% loss for each 1% decline
Initial level:$55.15
Contingent buffer:50%
Pricing date:May 20
Settlement date:May 23
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48132CB93

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