JPMorgan aims to sell digital notes linked to Nasdaq-100, S&P indexes

By Devika Patel

Knoxville, Tenn., Dec. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Jan. 31, 2020 linked to the worst performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If neither index has closed below the 70% trigger level during the life of the notes, the payout at maturity will be par plus the contingent digital return of between 9.5% and 12.5%. The exact contingent digital return will be set at pricing.

If one or both of the indexes has closed below the trigger level, the payout at maturity will be par unless either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WGP0) will price on Dec. 27 and settle on Jan. 2.

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