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JPMorgan plans to price digital notes due 2020 tied to Nasdaq, S&P
Chicago, Feb. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due March 31, 2020 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index 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 contingent digital return of between 8.15% and 12.15%.
If either index closes below 70% during the life of the notes, but both indexes finish at or above their initial values, the payout will be par.
Otherwise, investors will be fully exposed to any decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 28.
The Cusip number is 48130WYQ8.
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