JPMorgan plans callable contingent interest notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due May 18, 2020 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 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of 9.5% if each underlying closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.

The notes may be called at par on any interest payment date other than the first and final ones.

If the notes have not been called, the payout at maturity will be par unless any of the underlyings has finished below its trigger value, 55% of its initial level, in which case investors will lose 1% for every 1% decline of the worst performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 10 and settle on Nov. 16.

The Cusip number is 46646E6C1.

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