JPMorgan to price autocallable yield notes on Apollo, 3M, Hilton

By Marisa Wong

Los Angeles, Jan. 13 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Oct. 18, 2021 linked to the least performing of the class A shares of Apollo Global Management, LLC, the common stock of 3M Co. and the common stock of Hilton Worldwide Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The interest rate is expected to be at least 6% per year and will be set at pricing. Interest will be payable monthly.

The notes will be called at par if each stock closes at or above 95% of its initial value on any monthly review date other than the final date.

The payout at maturity will be par unless any stock finishes below its trigger value, 55% of its initial value, in which case investors will be fully exposed the decline of the least-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 14.

The Cusip number is 48132HTR3.

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