JPMorgan plans contingent interest autocallables tied to three stocks

By Tali Rackner

Norfolk, Va., Aug. 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 30, 2018, linked to the least performing of the common stocks of Amazon.com, Inc., Bristol-Myers Squibb Co. and CSX Corp., 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 monthly coupon at an annual rate of at 6.25% to 9.25% if each stock closes above its 50% interest barrier on the observation date for that month. The exact coupon will be set at pricing.

The notes will be called at par plus the applicable contingent coupon if each stock closes at or above its initial level on any quarterly autocall review date.

The payout at maturity will be par plus the coupon unless any stock falls and any stock ever closes below its 50% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the least-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 25 and settle on Aug. 30.

The Cusip number is 46646EUW0.

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