JPMorgan plans contingent interest autocallables linked to two funds

By Susanna Moon

Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 3, 2021 linked to the lesser performing of the SPDR S&P 500 ETF Trust and the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent semiannual coupon at an annual rate of 7% if each fund closes at or above its coupon barrier level, 60% of its initial level, on the review date for that period.

The notes will be called at par if each fund 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 either fund finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 30 and settle on Dec. 5.

The Cusip number is 46646QBA2.

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