JPMorgan plans digital notes due 2019 with 85% trigger tied to S&P 500

By Susanna Moon

Chicago, April 21 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due July 9, 2019 linked to 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 index finishes at or above its 85% threshold, the payout at maturity will be the threshold settlement amount of between $1,111.90 and $1,131.60 for each $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on April 27 and settle on May 4.

The Cusip number is 46646Q6B6.

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