JPMorgan to price contingent interest autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., May 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 21, 2020 linked to the least performing of the American Depositary Shares of Alibaba Group Holding Ltd., the class A common stock of Parsley Energy, Inc. and the common stock of Pioneer Natural Resources Co., 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 14.6% if each stock closes at or above its 60% coupon barrier on the review date for that quarter.

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

The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 17.

The Cusip number is 48129MUB0.

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