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

By Angela McDaniels

Tacoma, Wash., March 31 – JPMorgan Chase & Co. plans to price 0% review notes due April 30, 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 at least 9% per year if each index closes at or above its initial level on May 4, 2016, April 25, 2017 or April 25, 2018. The exact premium will be set at pricing.

If the notes are not called and the final level of each index is less than its initial level by up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index's final level is less than its initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price April 27 and settle April 30.

The Cusip number is 48125ULN0.

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