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JPMorgan plans digital notes linked to Euro Stoxx 50, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, June 15 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due July 26, 2017 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes at or above 60% of its initial level on each day during the life of the notes, the payout at maturity will be par plus the digital return, which will be at least 7.65% and will be set at pricing.
If either index has closed below the 60% trigger level during the life of the notes but both finish at or above their initial levels, the payout will be par.
Otherwise, investors will be fully exposed to the loss of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price June 27.
The Cusip number is 46646EHE5.
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