JPMorgan plans contingent coupon autocallables tied to three indexes

By Susanna Moon

Chicago, Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Nov. 23, 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 quarterly coupon at an annual rate of 10.75% if each index closes at or above the 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above initial level on any observation date other than the final date.

The payout at maturity will be par plus the final coupon unless any index finishes below the 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 Nov. 18 and settle on Nov. 23.

The Cusip number is 46646QAN5.

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