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The diode provides a path for the inductor current during the intervals when the chip's internal switch (at the SW terminal) is in the OFF state. You'll see this arrangement on just about every buck switching regulator.how can an output diode supply anything with anode connected to ground?
Output Rectifier Diode
The output rectifier diode supplies the current to the inductor when the high-side switch is off. To reduce losses due to the diode’s forward voltage and recovery times, use a Schottky diode.

Then one way of looking at capacitors and inductors is that they are sort of like flywheels in that they store energy.i'm an old mechanical type so i have to convert electrical properties to mechanical so i can understand.
I can't find a data sheet for that part, but it appears that that is what it does.i used to think i understood the PAM2861 circuit but after this lesson, now i'm confused about it. Does the LX pin turn ground on and off?