JPMorgan plans callable contingent interest notes on Russell, Stoxx

By Marisa Wong

Morgantown, W.Va., Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Nov. 24, 2027 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 are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon if each index closes at or above its coupon barrier, 75% of its initial level, on the review date for the related quarter. The contingent interest rate is expected to be at least 9% per year and will be set at pricing.

The notes will be callable in whole at par on any interest payment date other than the first, second, third and final ones.

If the notes have not been called, the payout at maturity will be par plus the final interest payment, if any, unless either index finishes below its 60% trigger value, 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 will price on Nov. 17.

The Cusip number is 48129HNZ6.

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