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

By Angela McDaniels

Tacoma, Wash., Oct. 2 – JPMorgan Chase & Co. plans to price 0% review notes due Nov. 1, 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 if each index closes at or above its initial level on any annual review date. The premium is expected to be at least 10% per year and will be set at pricing.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 65% of its initial level, the payout at maturity will be par plus 10%. 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 Oct. 27 and settle Oct. 30.

The Cusip number is 48125U7B2.

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