JPMorgan plans buffered digital notes linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., May 14 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Nov. 30, 2021 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.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial level or is less than its initial level by up to 10%, the payout at maturity will be par plus the contingent digital return, which is expected to be at least 17.25% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price May 28.

The Cusip number is 48132CFL2.

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