JPMorgan intends to sell autocallable yield notes tied to index, fund

By Devika Patel

Knoxville, Tenn., Feb. 8 – JPMorgan Chase Financial Co. LLC plans to price 6% autocallable yield notes due May 21, 2019 linked to the lesser performing of the Russell 2000 index, the Euro Stoxx 50 index and the PowerShares QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The coupon will be at least 6% and will be set at pricing. Interest is payable monthly.

The notes will be called at par plus the interest payment if each index closes at or above its initial level on any quarterly review date beginning May 16, 2018.

The payout at maturity will be par unless any index closes below its 67% trigger level on any day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129HYL5) will price on Feb. 16 and settle on Feb. 22.

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