JPMorgan to price contingent coupon autocalls on indexes, ETF

By Sarah Lizee

Olympia, Wash., July 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 21, 2022 tied to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the iShares Russell 1000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 12% per year if each asset closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly autocall review date other than the final one.

If the notes have not been called, the payout at maturity will be par unless any asset finishes below its 70% trigger level, in which case investors will lose 1% for every 1% that the least-performing asset finishes below its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 17.

The Cusip number is 48132MUR0.

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