JPMorgan plans contingent interest autocallables tied to Stoxx, ETF

New York, July 14 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 24, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the SPDR S&P Regional Banking exchange-traded fund, 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 at the rate of at least 8.5% per year if both underliers closes at or above their interest barriers, 70% of their initial levels, on the review date for that quarter. The exact coupon will be set at pricing.

Beginning Jan. 22, 2018, the notes will be automatically called at par plus the contingent coupon if both underliers closes at or above their initial level on any quarterly review date.

If the notes have not been called, the payout at maturity will be par unless either underlier finishes below its trigger value, 70% of its initial level, in which case investors will lose 1% for every 1% that the least-performing underlier finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 21 and settle on July 26

The Cusip number is 46647MXX6.

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