JPMorgan plans to price two-year digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 5 – JPMorgan Chase & Co. plans to price 0% digital notes due Jan. 24, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the digital return, which is expected to be at least 14% and will be set at pricing. Investors will receive par if the index falls by 15% or less and will lose 1% for each 1% that it declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 19.

The Cusip number is 48128GHY9.

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