JPMorgan plans callable contingent interest notes on S&P, oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Sept. 29 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Oct. 15, 2019 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes pay a contingent semiannual coupon at a rate of at least 11.75% per year if each underlying closes at or above its interest barrier, 60% of the initial level, on the applicable semiannual review date. The exact contingent interest rate will be set at pricing.

The notes are callable in whole at par on any interest payment date other than the final date.

The payout at maturity will be par plus the final coupon unless either underlying finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the lesser performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 7 and settle on Oct. 14.

The Cusip number is 46646EG22.

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