JPMorgan plans contingent interest autocallables tied to index, fund

By Susanna Moon

Chicago, Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 3, 2024 linked to the least 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 will pay a contingent quarterly coupon at an annual rate of 6.5% if each underlying component closes at or above its 80% coupon barrier on the review date for that quarter.

The notes called at par plus the contingent coupon if each component closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.

The payout at maturity will be par plus the contingent coupon unless either component falls by more than 20%, in which case investors will lose 1% for each 1% decline of the worse performing index or fund beyond 20%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 27.

The Cusip number is 48129HNS2.

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