JPMorgan plans step-down trigger autocallables tied to Russell, Stoxx

By Devika Patel

Knoxville, Tenn., Feb. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% step-down trigger autocallable notes due Feb. 14, 2022 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be automatically called at par of $10 plus a call premium – expected to be 8% to 9% per year – if each index closes at or above its initial level on the first, second, third or fourth annual observation dates or each index finishes at or above the downside threshold, 60% of the initial level, at maturity.

If the notes are not subject to an automatic call, then the final level of at least one index will be less than its 60% downside threshold, and investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

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

The notes (Cusip: 48129F887) will price on Feb. 10 and settle on Feb. 15.

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