JPMorgan plans digital contingent buffered notes linked to Stoxx

By Sarah Lizee

Olympia, Wash., Sept. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% digital contingent buffered notes due Oct. 15, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level is greater than or equal to the initial level or less than the initial level by up to the contingent buffer percentage, the payout at maturity will be par plus 6.24%. Otherwise, investors will be exposed to index’s decline from the initial level. The contingent buffer percentage is expected to be at least 20% and will be set at pricing.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Sept. 27.

The Cusip number is 48132FNU6.

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