JPMorgan plans autocallables linked to Euro Stoxx 50, MSCI EM indexes

By Devika Patel

Knoxville, Tenn., May 15 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable notes due May 21, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the MSCI Emerging Markets 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 at least 12.05% per year – if each index closes at or above its initial level on May 24, 2018, 95% of its initial level on May 17, 2019 or 90% of its initial level on May 18, 2020.

If the notes are not subject to an automatic call, the payout at maturity will be par unless the final level of either index is less than its trigger value, 70% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46647MCM3) will price on May 17 and settle on May 22.

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