JPMorgan plans trigger phoenix autocallables on Euro Stoxx, Russell

By Marisa Wong

Morgantown, W.Va., Feb. 3 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Feb. 11, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 9.65% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par plus the contingent coupon, if any, unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Feb. 5 and settle on Feb. 10.

The Cusip number is 48128A244.

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