JPMorgan to price contingent interest autocalls on three stocks

By Sarah Lizee

Olympia, Wash., April 30 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 24, 2023 linked to the common stocks of Lowe’s Cos., Inc., Microsoft Corp. and Yum! Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 15% if the lesser performing stock closes at or above its 50% coupon barrier on the review date for that month.

After six months, the notes will be called at par plus the contingent coupon if the lesser performing stock closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par plus the coupon unless the lesser performing stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the lesser performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 19.

The Cusip number is 48132K4D4.

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