JPMorgan plans 13% contingent interest callables tied to index, funds

By Susanna Moon

Chicago, Feb. 14 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Aug. 25, 2021 linked to the least performing of the S&P 500 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13% if each underlying component closes at or above its 75% coupon barrier on each date during that quarter.

The notes are callable at par on any review date other than the first and final dates.

The payout at maturity will be par unless any underlying component falls below its 50% trigger level, in which case investors will be exposed to any losses of the worst performing index or fund.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 20.

The Cusip number is 48129H5A1.

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