JPMorgan plans callable contingent interest notes on Euro Stoxx, EM ETF

By Marisa Wong

Morgantown, W.Va., June 22 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Dec. 31, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes pay a contingent coupon at an annual rate of at least 7% if each underlying closes at or above its trigger value, 65% of its initial level, on the review date for that quarter.

The notes are callable at par on any interest payment date other than the first, second, third and final interest payment dates.

If the notes have not been called, the payout at maturity will be par unless either underlying finishes below its trigger value, in which case investors will be fully exposed to the decline of the lesser performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 23.

The Cusip number is 46647MC43.

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