JPMorgan plans 10.15% contingent interest autocalls tied to Twitter

By Susanna Moon

Chicago, July 13 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 23, 2020 linked to Twitter, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 10.15% if the stock closes at or above its 60% coupon barrier on the review date for that month.

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

The payout at maturity will be par unless the stock finishes below its 60% 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 agent.

The notes will price on July 20.

The Cusip number is 48129MK96.

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