JPMorgan to price autocallable yield notes linked to railroad stocks

By Angela McDaniels

Tacoma, Wash., Aug. 1 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Feb. 23, 2018 linked to the least performing of the common stocks of Kansas City Southern, Norfolk Southern Corp. and Union Pacific Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will carry a coupon of at least 8.5%. The exact rate will be set at pricing. Interest will be payable monthly.

The notes will be called at par if each stock closes at or above its initial share price on any quarterly review date other than the final one.

The payout at maturity will be par unless any stock finishes below its trigger level, 64% of its initial share price, in which case investors will have one-to-one exposure to the decline of the worst-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price Aug. 17.

The Cusip number is 46646ESV5.

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