JPMorgan plans digital notes tied to S&P 500 index, Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, April 11 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due June 1, 2018 linked to the S&P 500 index, and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus a contingent digital return of between 6.5% and 8.5% if each index closes at or above the 70% trigger level on each day during the life of the notes and neither index finishes below its initial level. The exact contingent digital return will be set at pricing.

The payout at maturity will be par if either index closes below its 70% trigger level on any trading day during the life of the notes and both indexes have a positive return.

Otherwise, investors will lose 1% for every 1% loss of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QM35) will price on April 28 and settle on May 3.

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