JPMorgan plans digital notes due 2018 with 90% trigger tied to S&P 500

By Susanna Moon

Chicago, June 17 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due March 22, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes at or above 90% threshold level, the payout at maturity will be the threshold settlement amount of between $1,097 and $1,114 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 90%.

J.P. Morgan Securities LLC is the agent.

The notes will settle on June 24.

The Cusip number is 48128GYM6.

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