New Issue: JPMorgan prices $73,000 digital notes due 2019 on S&P 500, MSCI EM ETF

By Sarah Lizee

Olympia, Wash., Sept. 6 – JPMorgan Chase Financial Co. LLC priced $73,000 of 0% digital notes due Sept. 30, 2019 linked to the lesser performing of the S&P 500 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus a fixed return of 8.25%.

If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.

Otherwise, investors will be fully exposed to any decline of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying assets:	S&P 500 index and iShares MSCI Emerging Markets ETF
Amount:	$73,000
Maturity:	Sept. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above trigger value on every day during life of notes, par plus 8.25%; if either index closes below its trigger value on any day during life of notes but each index finishes at or above initial value, par; otherwise, 1% loss for each 1% decline of worst performing index
Initial values:	2,901.52 for index, $43.17 for ETF
Trigger values:	2,031.064 for index, $30.219 for ETF; 70% of initial values
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	J.P. Morgan Securities LLC
Fees:	0.42466%
Cusip:	48130UAH8

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