JPMorgan to price 5.25% yield notes due 2020 linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 18 – JPMorgan Chase Financial Co. LLC plans to price 5.25% yield notes due Dec. 31, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable semiannually.

The payout at maturity will be par unless either index closes below its buffer level, 80% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index beyond 20%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WLQ2) will price on Dec. 26 and settle on Jan. 3.

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