New Issue: JPMorgan prices $1.3 million digital barrier notes linked to S&P, Dow

By William Gullotti

Buffalo, N.Y., March 19 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% digital barrier notes due April 17, 2025 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If all indexes finish at or above the 75% barrier level, the payout at maturity will be par plus 8.15%.

Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1,297,000
Maturity:	April 17, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above barrier levels, par plus 8.15%; otherwise, full exposure to the decline of the worst performing index from its initial level
Initial levels:	39,005.49 for Dow, 5,175.27 for S&P
Barrier levels:	29,254.1175 for Dow, 3,881.4525 for S&P; 75% of initial levels
Pricing date:	March 12
Settlement date:	March 15
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48134W2R7

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