JPMorgan plans autocallable contingent interest notes on three indexes

By Sarah Lizee

Olympia, Wash., July 9 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 14, 2028 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly at a rate of at least 6.5% a year, with the exact percentage to be set at pricing, if each index closes above its 70% interest barrier on any interest review date.

The notes will be called at par plus the interest payment if each index closes at or above its initial level on any review date other than the other than the final review date beginning July 11, 2019.

The payout at maturity will be par plus the final coupon unless either index finishes below its initial level and either index closes below its trigger level, 50% of its initial level during the life of the notes, in which case investors will lose 1% for each 1% loss of the worse performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129MK88) will price on July 11 and settle on July 16.

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