JPMorgan eyes contingent buffered digital notes on index, ETF

By Sarah Lizee

Olympia, Wash., Jan. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due July 29, 2021 linked to the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final value of each asset is greater than or equal to 75% of its initial value, the payout at maturity will be par plus 9.5%.

If either asset falls by more than 25%, investors will be fully exposed to the lesser-performing asset’s decline from its initial value.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 24.

The Cusip number is 48132HQC9.

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