JPMorgan plans autocallable contingent interest notes on index, energy fund

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 19, 2019 linked to the lesser performing of the S&P 500 index and the Energy Select Sector SPDR fund, 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 6.6% if each underlier closes at or above its barrier level, 60% of its initial level, on the review date for that quarter.

Beginning Sept. 15, 2017, the notes will be called at par plus the contingent coupon if each underlier closes at or above its initial level on any quarterly review date other than the final review date.

The payout at maturity will be par unless either underlier finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 15 and settle on Sept. 20.

The Cusip number is 46646EYE6.

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