JPMorgan to price contingent interest autocalls on WTI crude oil

By Sarah Lizee

Olympia, Wash., June 6 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable notes due June 11, 2020 linked to a WTI Crude Oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12% if the price of crude futures closes at or above the 70% coupon barrier on a review date for that quarter.

The notes will be called at par plus the contingent coupon if crude closes at or above the initial price on a quarterly review date other than the final date.

The payout at maturity will be par plus the contingent coupon unless the price of crude futures finish below its 70% trigger level, in which case investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on June 7.

The Cusip number is 48130URC1.

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