JPMorgan plans contingent interest autocallables tied to Russell, Stoxx

By Devika Patel

Knoxville, Tenn., April 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 29, 2027 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest will be payable quarterly at a rate of at least 8% a year, with the exact percentage to be set at pricing, if each index closes at or above its 70% interest barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the first and final dates.

The payout at maturity will be par plus the final interest payment, if any, unless either index finishes below its trigger level, 50% of its initial level, in which case investors will lose 1% for each 1% loss of the worse-performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QQE8) will price on April 26 and settle on April 28.

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