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JPMorgan plans digital notes due 2019 linked to S&P 500, iShares EM
New York, April 16 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due June 4, 2019 linked to the lesser performing of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay par plus the contingent digital return of at least 9% unless either underlying closes below its trigger value on any day during the life of the notes.
The trigger value is 65% of the initial value. JPMorgan will set the exact digital return at pricing.
If a trigger event occurs, investors will receive no more than par and will be exposed to any loss in the lesser performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 30 and settle on May 3.
The Cusip number is 48129MMX1.
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