JPMorgan plans contingent interest autocallables tied to three stocks

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 23, 2020 linked to least performing of the common stocks of E*Trade Financial Corp., Charles Schwab Corp. and TD Ameritrade Holding Corp., according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of at least 8.85% if each stock closes at or above the coupon barrier, 60% of the initial share price, on the review date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above the initial level on any review date other than the first, second, third 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 Jan. 17.

The Cusip number is 46646QJV8.

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