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JPMorgan plans four-year review notes linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, Sept. 25 – JPMorgan Chase & Co. plans to price 0% review notes due Oct. 28, 2019 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 8.25% to 8.75% if each index closes at or above its initial level on any of four annual review dates. The exact call premium will be set at pricing.
If each index finishes at or above the 70% trigger level, the payout at maturity will be par plus the contingent minimum return of at least 10%.
Otherwise, investors will be exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 23 and settle on Oct. 30.
The Cusip number is 48125U5S7.
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