JPMorgan plans contingent interest callable notes tied to two indexes

By Susanna Moon

Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Sept. 29, 2023 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 pay a contingent monthly coupon at an annual rate of at least 6.5% if each index closes at or above its 65% interest barrier on the determination date for that month.

The notes are callable at par on any quarterly determination date other than the first through eleventh and final dates.

The payout will be par unless either index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 22 and settle on Sept. 29.

The Cusip number is 46647M4S9.

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