JPMorgan plans 8% contingent yield trigger autocalls on Goldman

By Susanna Moon

Chicago, Oct. 4 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Oct. 8, 2021 linked to Goldman Sachs Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its coupon barrier on the observation date for that quarter. The coupon barrier will be 74.5% to 79.5% of the initial level, with the exact percentage to be set at pricing.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the stock finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes are guaranteed by JPMorgan Chase & Co.

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

The notes will price on Oct. 5.

The Cusip number is 48130V590.

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