New Issue: JPMorgan sells $666,000 contingent buffered digital notes on gold ETF

By Kiku Steinfeld

Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $666,000 of 0% contingent buffered digital notes due Nov. 4, 2021 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 11%. If the ETF falls by up to 30%, the payout will be par. If the final level is less than the initial level by more than 30%, 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:	$666,000
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final ETF level is greater than or equal to initial level, par plus 11%; if ETF falls by up to 30%, par; if final level is less than initial level by more than 30%, full exposure to ETF’s decline from initial level
Initial level:	$39.16
Contingent buffer level:	70% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	J.P. Morgan Securities LLC
Fees:	3.4302%
Cusip:	48132MS44

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