JPMorgan plans contingent interest autocallables on index, ETFs

By Tali Rackner

Minneapolis, April 17 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 23, 2021 linked to the least performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest will be payable quarterly at a rate of at least 7.75% a year, with the exact percentage to be set at pricing, if each underlying closes at or above its 60% interest barrier on the observation date for that quarter.

The notes will be called at par if each underlying closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.

The payout at maturity will be par plus the final interest payment, if any, unless any underlying finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for each 1% loss of the worst-performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 19 and settle on April 24.

The Cusip number is 46646Q5N1.

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