JPMorgan to price callable contingent interest notes on indexes, ETF

By Devika Patel

Knoxville, Tenn., March 22 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Oct. 7, 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 pay a contingent coupon at an annual rate of at least 9.5% if each underlier closes at or above its interest barrier, 70% of its initial level, on the review date for that quarter. The exact coupon will be set at pricing.

The notes are callable in whole but not in part at par plus the contingent coupon on any interest payment date other than the first and final interest payment dates.

If the notes have not been called, the payout at maturity will be par unless any underlier finishes below its trigger value, 55% of its initial level, in which case investors will be fully exposed to the decline of the least-performing underlier.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GRS1) will price on March 28 and settle on March 31.

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