JPMorgan plans contingent interest autocallables tied to three Canadian bank stocks

By Susanna Moon

Chicago, June 27 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 24, 2019 linked to the least performing of the common shares of Bank of Montreal, Royal Bank of Canada and Toronto-Dominion Bank, 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 annual rate of at least 8% if each stock closes above its 75% interest barrier on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each stock closes at or above its initial level on any quarterly review date other than the first, second and final dates.

The payout at maturity will be par unless any stock finishes below its trigger level, 75% of its initial level, in which case investors will be fully exposed any losses in the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 19 and settle on July 22.

The Cusip number is 46646EKM3.

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