JPMorgan eyes contingent interest autocalls on Teladoc, UnitedHealth

By Sarah Lizee

Olympia, Wash., March 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 31, 2022 linked to the least performing of the common stocks of Teladoc Health, Inc. and UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 13.65% if each stock closes at or above its 70% 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 quarterly review date other than the final one.

The payout at maturity will be par unless either underlying stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 27.

The Cusip number is 48130WE56.

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