JPMorgan plans contingent income autocallables linked to Euro Stoxx Banks

By Angela McDaniels

Tacoma, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Oct. 3, 2019 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index closes at or above the downside threshold level, 75% of the initial index level, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of at least 8.8%. The exact rate will be set at pricing.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial index level on any quarterly determination date other than the final determination date.

If the final index level is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes are expected to price Sept. 29.

The Cusip number is 48129HAY3.

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