JPMorgan plans contingent interest callable notes tied to three indexes

By Susanna Moon

Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Aug. 20, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, 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 10.85% if each index closes above its 75% interest barrier on the observation date for that month. The exact coupon will be set at pricing.

The notes will be callable at par on any review date other than the final date.

The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 12 and settle on Aug. 19.

The Cusip number is 46646EUV2.

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