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

By Sarah Lizee

Olympia, Wash., Dec. 13 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Jan. 24, 2020 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

A trigger event occurs if either index closes below its trigger value, 65% of its initial value, on any day during the life of the notes.

If a trigger event has not occurred, the payout at maturity will be par plus the contingent digital return of at least 9%.

If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.

Otherwise, investors will be fully exposed to any decline of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WJR3) will price on Dec. 19 and settle on Dec. 24.

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