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JPMorgan plans to price digital notes linked to Russell 2000 index
By Angela McDaniels
Tacoma, Wash., May 3 – JPMorgan Chase & Co. plans to price 0% digital notes due May 18, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be an amount equal to the threshold settlement amount, which is expected to be $1,051 to $1,060 per $1,000 principal amount of notes and will be set at pricing. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes will price May 5.
The Cusip number is48128GWZ9.
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