JPMorgan plans to price digital notes tied to indexes, ETF

By Sarah Lizee

Olympia, Wash., Aug. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Sept. 24, 2020 linked to the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

A trigger event will occur if on any day during the life of the notes either asset falls below 60% of its initial level.

If a trigger event does not occur, the payout at maturity will be par plus 6.2%.

If a trigger event occurs but all assets finish above their initial levels, the payout will be par.

If a trigger event occurs and any asset finishes below its initial level, the payout will be par plus the return of the least performing asset with full exposure to the decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 20.

The Cusip number is 48132FCN4.

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