JPMorgan to price five-year high/low yield notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 11 – JPMorgan Chase & Co. plans to price high/low yield notes due April 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be at least 4% if the annual index return is at least 0% for that annual review date. Otherwise, the notes will pay 2% per year. Interest is payable annually.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for every 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 48128GVR8.

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