JPMorgan to price contingent income autocallables on General Electric

By Devika Patel

Knoxville, Tenn., Jan. 29 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Feb. 3, 2021 linked to General Electric Co. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 9.5% if General Electric stock closes at or above its 75% downside threshold level on the determination date for that quarter.

Beginning April 30, the notes will be redeemed at par of $10 plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 75% downside threshold level, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 48129K183) will price on Jan. 31 and settle three business days after pricing.

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