New Issue: JPMorgan sells $5.83 million digital notes on financial, bank ETFs

By Kiku Steinfeld

Chicago, May 14 – JPMorgan Chase Financial Co. LLC priced $5.83 million of 0% digital notes due April 26, 2024 linked to the lesser performing of the Financial Select Sector SPDR fund and the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each ETF finishes at or above its initial level, the payout at maturity will be par plus the digital return of 50%.

Otherwise, investors will receive par plus the return of the lesser performing fund.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying ETFs:	Financial Select Sector SPDR fund and SPDR S&P Bank ETF
Amount:	$5,834,000
Maturity:	April 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each fund finishes at above its initial level, par plus 50%; otherwise, par plus return of lesser-performing fund
Initial levels:	$53.03 for Bank, $35.38 for Financial
Pricing date:	April 23
Settlement date:	April 28
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48132TSM9

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