New Issue: JPMorgan prices $7.95 million digital equity notes 2020 linked to S&P

By Sarah Lizee

Olympia, Wash., July 19 – JPMorgan Chase Financial Co. LLC priced $7.95 million of 0% digital equity notes due Jan. 22, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is at least negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,101.50 per $1,000 of notes.

Otherwise, investors will lose 1.1429% for each 1% decline in the index beyond 12.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	S&P 500
Amount:	$7,945,000
Maturity:	Jan. 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 12.5%, threshold settlement amount of $1,101.50 per $1,000 of notes; otherwise, 1.1429% loss for each 1% decline beyond 12.5%
Initial level:	2,809.55
Pricing date:	July 17
Settlement date:	July 24
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48129ML61

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