JPMorgan plans trigger autocallable contingent yield notes on Stoxx Banks

By Tali Rackner

Minneapolis, Oct. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger autocallable contingent yield notes due Oct. 25, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the index closes at or above its coupon barrier level, 68% to 73% of its initial level, on the observation date for that quarter. The exact coupon barrier level will be set at pricing.

After six months, the notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par plus the final coupon unless the index finishes below the downside threshold, 68% to 73% of its initial level, in which case investors will lose 1% for every 1% in the decline from its initial level. The exact downside threshold will be set at pricing.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Oct. 20 and settle on Oct. 25.

The Cusip number is 48129J194.

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