JPMorgan plans to price digital notes linked to Nasdaq-100, S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Oct. 31, 2019 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus a fixed return of between 7% and 9%.

Otherwise, investors will receive par if the worst performing asset finishes at or above its initial level and will be fully exposed to any decline of the worst performing asset.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 28 and settle on Oct. 3.

The Cusip number is 48130UHH1.

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