JPMorgan plans to price digital notes linked to oil & gas E&P ETF

By Angela McDaniels

Tacoma, Wash., July 11 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due Jan. 26, 2021 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than or equal to negative 20%, the payout at maturity will be the threshold settlement amount, which is expected to be between $1,130.00 and $1,152.50 per $1,000 principal amount of notes and will be set at pricing. Otherwise, investors will lose 1.25% for every 1% that the ETF declines beyond 20%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price July 22.

The Cusip number is 48132C4M2.

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