New Issue: JPMorgan sells $1 million uncapped digital barrier notes on ETFs

By Kiku Steinfeld

Chicago, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped digital barrier notes due Sept. 3, 2026 linked to the lesser performing of the SPDR S&P 500 ETF Trust, the iShares Russell 2000 ETF and the Invesco QQQ Trust, Series 1according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus the greater of the return of the worst performing asset and 38.56% if each asset finishes above its initial level.

If any asset falls but each finishes at or above the 70% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing asset.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped digital barrier notes
Underlying assets:	SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and Invesco QQQ Trust, Series 1
Amount:	$1 million
Maturity:	Sept. 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes above initial level, par plus greater of lesser performing asset’s return and 38.56%; if any asset falls but each finishes at or above barrier level, par; otherwise, full exposure to decline of lesser performer
Initial levels:	$451.56 for S&P, $225.92 for Russell, $379.95 for QQQ
Barrier levels:	$316.092 for S&P, $158.144 for Russell, $265.965 for QQQ, 70% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48132WJN0

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