JPMorgan plans callable contingent interest notes tied to S&P, Russell

By Angela McDaniels

Tacoma, Wash., June 6 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due June 24, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Every six months, the notes will pay a contingent coupon if each index closes at or above its trigger value, 70% of its initial level, on the review date for that semiannual period. The contingent coupon rate is expected to be 7.5% to 8.5% per year and will be set at pricing.

The notes are callable at par plus the contingent coupon on any interest payment date other than the final interest payment date.

If the notes have not been called, the payout at maturity will be par unless either index finishes below its trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price June 17.

The Cusip number is 46646EEB4.

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