JPMorgan plans contingent interest autocallables tied to index, fund

By Susanna Moon

Chicago, Aug. 5 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 22, 2019 linked to the lesser performing of the S&P 500 index and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay contingent quarterly interest at an annual rate of 6.4% if each component closes above its 60% interest barrier on the observation date for that quarter.

The notes will be called at par if each component closes at or above its initial level on any interest payment date other than the first, second, third and final dates.

The payout at maturity will be par unless either component finishes below its 60% trigger level, in which case investors will be fully exposed any losses in the worse performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 17 and settle on Aug. 22.

The Cusip number is 46646ETU6.

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