New Issue: JPMorgan prices $1 million uncapped buffered digital notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., Nov. 2 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped buffered digital notes due Nov. 1, 2027 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 each index finishes at or above 80% of their initial levels, the payout at maturity will be the greater of par plus 36.5% and par plus the return of the laggard index.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 20%.

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:	Uncapped buffered digital notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1 million
Maturity:	Nov. 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above buffer level, the greater of par plus 36.5% and par plus the return of the laggard index; otherwise, 1% loss for each 1% decline of worst performer beyond 20%
Initial levels:	3,807.3 for S&P, 32,033.28 for Dow
Buffer levels:	80% of initial levels
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48133N6R4

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