JPMorgan plans 8.75% autocallable yield notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 22 – JPMorgan Chase Financial Co. LLC plans to price 8.75% autocallable yield notes due Jan. 24, 2020 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly review date other than the final one.

The payout at maturity will be par unless any index finishes below its initial level and ever closes below its 75% trigger level, in which case investors will be fully exposed to the decline of the least performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 48130UL29.

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