New Issue: JPMorgan prices $1.35 million contingent digital buffered notes on S&P

By Marisa Wong

Los Angeles, March 24 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% contingent digital buffered notes due April 6, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index gains, finishes flat or falls by up to 10%, payout at maturity will be par plus 19.3%. Otherwise, investors will lose 1.11111% for every 1% index decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent digital buffered notes
Underlying index:	S&P 500 index
Amount:	$1,345,000
Maturity:	April 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 19.3% unless index falls by more than 10%, in which case 1.11111% loss for every 1% decline beyond 10%
Initial level:	2,398.10
Final level:	Average of index closing levels for five trading days ending March 31, 2021
Strike date:	March 18
Pricing date:	March 19
Settlement date:	March 24
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132KMB8

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