JPMorgan to price contingent interest autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., Oct. 19 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 25, 2023 linked to the least performing of the common stocks of Citigroup Inc., Bank of America Corp. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Every six months, the notes will pay a contingent coupon if each stock closes at or above its trigger value, 50% of its initial share price, on the review date for that semiannual period. The contingent coupon rate is expected to be at least 6.25% per year and will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any semiannual review date other than the first and final review dates.

If the notes have not been called, the payout at maturity will be par unless any stock finishes below its trigger value, in which case investors will lose 1% for every 1% that the least-performing stock finishes below its initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price Oct. 20.

The Cusip number is 48129HHA8.

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