JPMorgan eyes digital equity notes linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., May 19 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due June 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is greater than or equal to negative 15%, the payout at maturity will be the threshold settlement amount of between $1,090.10 and $1,106.00 per $1,000 of notes.

Otherwise, investors will lose 1.1765% for every 1% index decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 26.

The Cusip number is 48132KM93.

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