JPMorgan plans 7%-9% contingent interest autocalls on Stoxx, Russell

By Susanna Moon

Chicago, April 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 28, 2023 linked to the worse performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 9% if each index closes at or above its 70% coupon barrier on each day for that quarter.

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

The payout at maturity will be par unless either index falls below its 70% trigger level, in which case investors will be exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on April 25 and settle on April 30.

The Cusip number is 48129MJR8.

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