JPMorgan plans contingent interest autocallable notes tied to Kroger

By Susanna Moon

Chicago, Jan. 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 31, 2018 linked to Kroger Co. shares, 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 quarterly coupon at an annual rate of at least 11.25% if the stock closes at or above its coupon barrier level, 80% of its initial level, on the review date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any autocall review date other than the final date.

The payout at maturity will be par unless the stock finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 13 and settle on Jan. 19.

The Cusip number is 46646QUY9.

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