JPMorgan plans digital notes linked to Energy Transfer, Schlumberger

By Angela McDaniels

Tacoma, Wash., April 16 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due May 21, 2020 linked to the lesser performing of the common units of Energy Transfer LP and the common stock of Schlumberger NV (Schlumberger Ltd.), according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final price of each reference stock is greater than or equal to its initial price or is less than its initial price by up to 30%, the payment at maturity will be par plus the contingent digital return, which is expected to be at least 15.65% and will be set at pricing.

If the final price of either reference stock is less than its initial price by more than 30%, investors will lose 1% for every 1% that the lesser-performing stock declines from its initial price.

J.P. Morgan Securities LLC is the agent.

The notes will price April 17.

The Cusip number is 48132CCK7.

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