JPMorgan to price review notes due 2019 tied to S&P 500, Russell 2000

By Tali Rackner

Norfolk, Va., March 8 – JPMorgan Chase & Co. plans to price review notes due March 29, 2019 linked to 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 automatically called at par plus a call premium of between 10% and 12% per year if each index closes at or above its initial level on any annual call review date. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par plus 10% if each index closes at or above 65% of its initial level. If either index drops below the 65% trigger level, investors will be fully exposed to the losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 48128GPY0.

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