JPMorgan plans autocallable contingent interest notes on index, ETFs

By Sarah Lizee

Olympia, Wash., Oct. 24 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 29, 2020 linked to the least performing of the Euro Stoxx 50 index, the SPDR S&P Biotech ETF 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 11.8% if each underlying asset closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless any asset falls by more than 40%, in which case investors will be fully exposed to any losses of the worse performing index or fund beyond the trigger level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 48130UM85.

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