JPMorgan plans review notes linked to S&P 500, Russell 2000

By Susanna Moon

Chicago, Sept. 26 – JPMorgan Chase & Co. plans to price 0% review notes due Oct. 29, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of between 8.25% and 8.75% if each index closes at or above its initial level on any annual review date. The exact call premium will be set at pricing.

If the notes are not called and each index finishes at or above the 70% barrier level, the payout at maturity will be par plus the contingent minimum return of 8%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 24 and settle on Oct. 31.

The Cusip number is 48127DE95.

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