JPMorgan to price digital notes due 2020 tied to Amazon stock

By Sarah Lizee

Olympia, Wash., Aug. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Sept. 28, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filed 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 the stock closes below 70% of its initial price.

If a trigger event does not occur, the payout at maturity will be par plus 11.6%.

If a trigger event does occur but the stock finishes at or above its initial price, the payout will be par.

If a trigger event does occur and the stock finishes below its initial price, the payout will be par plus the return of the stock with full exposure to the decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 23.

The Cusip number is 48132FCG9.

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