New Issue: JPMorgan sells $7.6 million digital contingent buffered notes on S&P

By Kiku Steinfeld

Chicago, April 6 – JPMorgan Chase Financial Co. LLC priced $7.6 million of 0% digital contingent buffered notes due March 31, 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 20%, payout at maturity will be par plus 14.9%. Otherwise, investors will be exposed to the index’s decline from the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital contingent buffered notes
Underlying index:	S&P 500 index
Amount:	$7,600,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 14.9% unless index falls by more than 20%, in which case full exposure to decline from initial level
Initial strike level:	2,711.02
Final level:	Average of index closing levels for five trading days ending March 26, 2021
Buffer level:	80% of initial level
Strike date:	March 13
Pricing date:	March 16
Settlement date:	March 19
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132KLE3

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