JPMorgan plans 7% contingent interest autocallables linked to Amazon

New York, July 17 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 25, 2018 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon if the stock closes at or above its trigger value, 75% of its initial share price, on the review date for that quarter. The contingent interest rate is expected to be at least 7% per year and will be set at pricing.

The notes will be automatically called at par if the stock closes at or above its initial share price on Jan. 22, 2018, April 23, 2018 or July 23, 2018.

The payout at maturity will be par unless the stock closes below its trigger value during the life of the notes and the final share price is less than the initial share price, in which case investors will be fully exposed to the stock’s decline from its initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 21 and settle on July 26.

The Cusip number is 46647MWZ2.

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