JPMorgan plans digital notes due 2020 with 90% trigger tied to S&P

By Susanna Moon

Chicago, Aug. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due Sept. 1, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold level, the payout at maturity will be par plus the threshold settlement amount of $1,120.60 to $1,141.80 for each $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 28.

The Cusip number is 48130UBY0.

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