JPMorgan plans to price digital notes due 2020 tied to Russell, Dow

By Sarah Lizee

Olympia, Wash., Jan. 31 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due March 12, 2020 linked to the lesser performing of the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its 60% trigger level each day during the life of the notes, the payout at maturity will be par plus a fixed return of at least 6.55%.

If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.

Otherwise, investors will be fully exposed to any decline of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 7.

The Cusip number is 48130WXD8.

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