JPMorgan plans autocallable contingent interest notes linked to BofA

By Sarah Lizee

Olympia, Wash., Oct. 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 6, 2019 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annualized rate of 10% if the stock closes at or above the 74.35% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless the underlying stock finishes below its 74.35% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Oct. 19 and settle on Oct. 24.

The Cusip number is 48130UH40.

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