JPMorgan plans to sell buffered digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., May 23 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due May 29, 2020 linked to the S&P 500index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be the contingent digital return of between 9.5% and 10.5%. The exact contingent digital return will be set at pricing.

If the index falls by up to the 10% buffer, investors will receive par.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129MRT5) will price on May 29 and settle on May 31.

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