JPMorgan to price contingent interest autocallables linked to Kroger

By Wendy Van Sickle

Columbus, Ohio, Sept. 21 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 5, 2018 linked to the common stock of Kroger Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon if the stock closes at or above its trigger value, 70% of its initial share price, on the review date for that quarter. The contingent interest rate is expected to be 6% to 8% per year and will be set at pricing.

The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly review date other than the first and final review dates.

The payout at maturity will be par unless the stock finishes below its initial share price and it has closed below its trigger value during the life of the notes, in which case investors will be fully exposed to the stock’s decline from its initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price Sept. 30.

The Cusip number is 46646EE32.

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