JPMorgan plans 8.6% one-year contingent income autocalls tied to GM

By Susanna Moon

Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Nov. 8, 2018 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.6% if the stock closes at or above the 80% downside threshold level on the determination date for that quarter.

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

The payout at maturity will be par plus the final coupon unless the stock finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline of the stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Nov. 3.

The Cusip number is 48129K100.

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