JPMorgan plans contingent interest autocallables linked to Amazon

By Sarah Lizee

Olympia, Wash., June 17 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 1, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8.2% if Amazon stock closes at or above the trigger value, 70% of the initial share price, on the review date for that quarter.

The notes will be automatically called at par if Amazon stock closes at or above the initial share price on any quarterly review other than the first and final review dates.

The payout at maturity will be par unless Amazon stock finishes below its initial level and has ever closed below its trigger level during the life of the notes, in which case investors will be fully exposed to the stock’s decline from its initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 26.

The Cusip number is 48132CVQ3.

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