JPMorgan plans 7% contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, April 18 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 25, 2022 linked to the worst performing of the common stocks of Home Depot, Inc., Lowe's Cos., Inc. and Wal-Mart Stores, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 7% if each stock closes at or above its 55% coupon barrier on each day for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any review date other than the first and final dates.

The payout at maturity will be par unless any stock falls below its 55% trigger level, in which case investors will be exposed to any losses of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on April 20 and settle on April 27.

The Cusip number is 48129MMU7.

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