JPMorgan plans trigger autocallable contingent yield notes on indexes

By Devika Patel

Knoxville, Tenn., May 18 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger autocallable contingent yield notes due May 28, 2027 linked to the MSCI Emerging Markets 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 7% to 8% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning May 29, 2018.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold, 50% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing index.

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

The notes (Cusip: 48129F127) will price on May 26 and settle on May 31.

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