JPMorgan plans contingent interest autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., March 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 2, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its interest barrier, 70% of its initial level, on the review date for that quarter. The contingent coupon rate is expected to be at least 8.7% per year and will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first and final review dates.

If the notes have not been called, the payout at maturity will be par unless either index finishes below its trigger value, 50% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price March 28.

The Cusip number is 46646QMN2.

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