New Issue: JPMorgan sells $100,000 digital contingent buffered notes on Industrial Select

By Kiku Steinfeld

Chicago, Oct. 28 – JPMorgan Chase Financial Co. LLC priced $100,000 of 0% digital contingent buffered notes due Nov. 10, 2021 linked to the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the fund gains, finishes flat or falls by up to 20%, payout at maturity will be par plus 7.2%. Otherwise, investors will be exposed to the fund’s decline from its 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 fund:	Industrial Select Sector SPDR fund
Amount:	$100,000
Maturity:	Nov. 10, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.2% unless fund falls by more than 20%, in which case full exposure to decline from the initial level
Initial level:	$81.17
Final level:	Average of fund closing levels for five trading days ending Nov. 5, 2021
Buffer level:	80% of initial level
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132PPZ1

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