JPMorgan plans buffered digital notes due 2020 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Sept. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Oct. 1, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the fixed return of at least 18%.

Investors will receive par if either index falls by up to 10% and will lose 1% for each 1% decline of the worse performing index beyond the buffer.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130ULH6) will price on Sept. 27 and settle on Oct. 2.

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