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JPMorgan plans digital return trigger notes tied to S&P 500, Russell
By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Aug. 31, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase & Co. is the guarantor.
If each index finishes at or above its 66.5% digital return level, the payout at maturity will be par plus the digital return of 33%.
If either index closes below the digital return barrier but at or above its 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 26 and settle on Sept. 2.
The Cusip number is 46646EVM1.
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