JPMorgan plans 2% income barrier notes linked to S&P 500, Russell

By Marisa Wong

Madison, Wis., May 4 – JPMorgan Chase & Co. plans to price 2% income barrier notes due May 31, 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.

Interest is payable quarterly.

If each index finishes at or above its trigger level, 70% of the initial level, the payout at maturity will be par plus the contingent minimum return of 15% to 20%. The exact contingent minimum return will be set at pricing.

Otherwise, investors will receive par plus the return of the lesser-performing index, with full exposure to losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 26 and settle on May 29.

The Cusip number is 48125UQQ8.

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