JPMorgan plans contingent buffered digital notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due April 22, 2021 tied 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 will be guaranteed by JPMorgan Chase & Co.

If the final value of each index is greater than or equal to 75% of its initial value, the payout will be par plus the contingent digital return of at least 9.6%. The exact contingent digital return will be determined at pricing.

Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132FPF7) will price on Oct. 18.

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