New Issue: JPMorgan prices $3.25 million digital contingent buffered notes on S&P

By Wendy Van Sickle

Columbus, Ohio, March 20 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% digital contingent buffered notes due March 25, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level or less than the initial level by up to 29.9%, the payout at maturity will be par plus 8%. Otherwise, investors will be exposed to the index’s decline from the initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Issue:	Digital contingent buffered notes
Underlying index:	S&P 500 index
Amount:	$3,245,000
Maturity:	March 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless index falls by more than 29.9%, in which case full exposure to decline from the initial level
Initial level:	2,746.56
Final level:	Average of index closing levels for five trading days ending March 22, 2021
Strike date:	March 18
Pricing date:	March 19
Settlement date:	March 24
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132KHK4

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