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JPMorgan to price digital notes linked to Russell 2000, Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., July 14 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Sept. 6, 2018 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 are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event does not occur, the payout at maturity will be par plus the digital return of 7.5% to 9.5%.
If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 31.
The Cusip number is 46647MVM2.
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