JPMorgan plans contingent coupon callable yield notes on indexes, ETF

By Tali Rackner

Norfolk, Va., Jan. 7 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Feb. 4, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of at least 8.5% per year if each underlying component closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any underlying component finishes below its barrier level, in which case investors will be fully exposed to the decline of the least-performing underlying component.

The notes are callable at par on any interest payment date other than the first and final ones.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 29.

The Cusip is 48128GJF8.

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