JPMorgan plans contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, April 18 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 29, 2020 linked to the common stocks of Starbucks Corp. and Kraft Heinz Co. and the class A common stock of Mondelez International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 9% if each stock closes at or above its coupon barrier, 60% of its initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any review date other than the first, second, third, fourth, fifth and final dates.

The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 24 and settle on April 27.

The Cusip number is 46646QQH1.

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