New Issue: JPMorgan sells $555,000 contingent buffered digital notes on gold ETF

By Sarah Lizee

Olympia, Wash., May 13 – JPMorgan Chase Financial Co. LLC priced $555,000 of 0% contingent buffered digital notes due May 16, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final ETF level is greater than or equal to the initial level, the payout at maturity will be par plus 34.1%. If the ETF falls by up to 25%, the payout will be par. If the final level is less than the initial level by more than 25%, investors will be fully exposed to the ETF’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent buffered digital notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$555,000
Maturity:	May 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final ETF level is greater than or equal to initial level, par plus 34.1%; if ETF falls by up to 25%, par; if final level is less than initial level by more than 25%, full exposure to ETF’s decline from initial level
Initial level:	$33.89
Contingent buffer level:	75% of initial level
Pricing date:	May 11
Settlement date:	May 14
Agent:	J.P. Morgan Securities LLC
Fees:	1.75%
Cusip:	48132KF34

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