JPMorgan aims to price autocallable yield notes tied to indexes, fund

By Devika Patel

Knoxville, Tenn., Oct. 12 – JPMorgan Chase Financial Co. LLC plans to price 6.5% autocallable yield notes due Jan. 25, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable monthly and will be at least 6.5%, with the exact coupon to be set at pricing.

The notes will be called at par of $1,000 plus the interest payment if each underlying closes at or above its initial level on Jan. 20, 2017, April 20, 2017, July 20, 2017 or Oct. 20, 2017.

The payout at maturity will be par unless any underlying closes below its 60% trigger level on any day during the life of the notes and any underlying finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worst performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646EJ45) will price on Oct. 20 and settle on Oct. 25.

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