JPMorgan plans 8% contingent interest autocalls tied to indexes, fund

By Susanna Moon

Chicago, March 1 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 13, 2024 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index 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 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 review date other than the first, second, third and final dates.

The payout at maturity will be par unless either asset closes below 60% trigger level, in which case investors will be exposed to any losses of the worse performing index or fund.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 8.

The Cusip number is 48130W5B3.

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