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JPMorgan plans to issue digital barrier notes linked to Russell, S&P
By Emma Trincal
New York, Aug. 30 – JPMorgan Chase Financial Co. LLC plans to issue 0% digital barrier notes due Aug. 29, 2025 linked to the lesser performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 60% barrier the payout at maturity will be par plus 25%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes were expected to price on Aug. 26 and to settle on Aug. 31.
The Cusip number is 48133MSD3.
The fee is 0.95%.
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