JPMorgan plans contingent yield trigger autocallables on Starbucks

By Susanna Moon

Chicago, July 20 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due July 24, 2020 linked to Starbucks Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 77.5% to 82.5% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the contingent coupon unless either the stock finishes below its 77.5% to 82.5% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes are guaranteed by JPMorgan Chase & Co.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on July 21.

The Cusip number is 48129G349.

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