JPMorgan plans to price review notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 8 – JPMorgan Chase & Co. plans to price 0% review notes due Oct. 12, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium if each index closes at or above its initial level on any annual review date. The premium is expected to be at least 11.75% per year and will be set at pricing.

If the notes are not called, the payout at maturity will be par unless the final level of either index is less than its initial level by more than 10%, in which case investors will lose 1% for each 1% that the lesser-performing index's final level declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Oct. 9 and settle Oct. 14.

The Cusip number is 48128GAC4.

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