New Issue: JPMorgan prices $2.91 million digital equity notes linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 29 – JPMorgan Chase Financial Co. LLC priced $2.91 million of 0% digital equity notes due Oct. 14, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least 90% of its initial level, the payout at maturity will be the threshold settlement amount, $1,097 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline of the index beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Company LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2,909,000
Maturity:	Oct. 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least 90% of its initial level, threshold settlement amount of $1,097 per $1,000; par if index falls by up to 10%; 1.1111% loss for every 1% decline of the index
Initial level:	3,532.9
Pricing date:	July 24
Settlement date:	July 31
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132C5Q2

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