New Issue: JPMorgan prices $2 million digital equity notes on index basket

By Wendy Van Sickle

Columbus, Ohio, March 1 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital equity notes due Aug. 28, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the greater of the basket return and 22.2%.

Otherwise, investors will have full exposure to the basket decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
Amount:	$2 million
Maturity:	Aug. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above initial level, par plus greater of basket return and 22.2%; otherwise, full exposure to loss
Initial index levels:	4,864.29 for Stoxx, 2,673.62 for Topix, 7,684.3 for FTSE, 11,452.88 for Swiss Market, 7,652.843 for S&P/ASX
Pricing date:	Feb. 26
Settlement date:	March 4
Agent:	J.P. Morgan Securities LLC
Fees:	1.51%
Cusip:	48134WQG5

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