New Issue: JPMorgan prices $14.74 million contingent digital buffered notes on QQQ

By Wendy Van Sickle

Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $14.74 million of 0% contingent digital buffered notes due July 12, 2024 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains or falls by no more than its 20% buffer, the payout at maturity will be par plus 9%. The payout will be par less 125% of the ETF decline beyond the buffer.

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:	Contingent digital buffered notes
Underlying ETF:	Invesco QQQ Trust, series 1
Amount:	$14,744,000
Maturity:	July 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains or declines but by no more than 20% buffer, par plus 9%; 125% of ETF decline beyond the buffer
Initial level:	$363.83
Downside leverage:	125%
Pricing date:	June 27
Settlement date:	June 30
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133XGC4

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