JPMorgan plans to price digital notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% digital 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.

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 has not occurred, the payout at maturity will be par plus 7.1% to 11.1%.

If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.

If a trigger event has occurred and the final level of either index is less than its initial level, investors will be exposed to the decline of the lesser-performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 27.

The Cusip number is 48132F4C7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.