JPMorgan eyes contingent interest autocallables tied to three indexes

By Devika Patel

Knoxville, Tenn., Aug. 8 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 14, 2023 linked to the lesser performing of the Dow Jones Industrial Average, the Nasdaq-100 index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each month, the notes will pay a contingent coupon of 8% if each index closes at or above its interest barrier level, 72% of its initial level, on the review date for that month.

Beginning Aug. 9, 2019, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its trigger value, 72% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130UBN4) will price on Aug. 9 and settle on Aug. 14.

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