JPMorgan reports plans to price notes due 2021 linked to index basket

By Devika Patel

Knoxville, Tenn., Sept. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Sept. 30, 2021 linked to an equally weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The underlying components are the S&P 500 Low Volatility High Dividend index and the Euro Stoxx Select Dividend 30 index, each with a 50% weight each.

If the basket return positive, the payout at maturity will be par plus at least 170% of the basket return, with the exact participation rate to be set at pricing.

If the basket is flat or falls, investors will lose 1% for each 1% decline of the basket from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130UHZ1) will price on Sept. 28 and settle on Oct. 3.

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