JPMorgan plans step-up contingent interest autocalls on two indexes

By Susanna Moon

Chicago, June 29 – JPMorgan Chase Financial Co. LLC plans to price autocallable step-up contingent interest notes due July 31, 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 pay a contingent quarterly coupon at an annual rate if each index closes at or above its 70% coupon barrier on the review date 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 through seventh and final dates. The contingent rate will be at least 7% for the first through eighth review dates, stepping up to at least 8% for the ninth through sixteenth review dates and to 9% after that.

The payout at maturity will be par unless either underlying index finishes below 70% trigger level, in which case investors will be fully 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.

The notes will price on July 26 and settle on July 31.

The Cusip number is 48129M5P7.

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