JPMorgan plans contingent interest callable notes tied to index, funds

By Susanna Moon

Chicago, Aug. 15 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Aug. 30, 2021 linked to the least performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.5% if each component closes at or above its 60% coupon barrier on the review date for that month.

The notes are callable at par plus the contingent coupon on any review date after one year.

The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing component.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 21.

The Cusip number is 46647MM67.

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