JPMorgan to sell digital notes linked to Russell 2000, Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Oct. 26, 2018 linked to the Russell 2000 index and the Euro Stoxx 50 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 at least 7.7% if each index closes at or above the 65% 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 65% 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: 46647MP80) will price on Aug. 23 and settle on Aug. 28.

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