JPMorgan plans to price digital notes tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – JPMorgan Chase & Co. plans to price 0% digital notes due Dec. 28, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the each index closes at or above 70% of its initial level every day during the life of the notes, the payout at maturity will be par plus the fixed return of 8.5% to 10.5%. If either index has closed below its 70% trigger level, but the final level of each index is at or above its initial level, the payout will be par. Otherwise, investors will be fully exposed to the lesser-performing index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 22 and settle on Nov. 30.

The Cusip number is 46646E5A6.

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