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JPMorgan plans contingent interest autocallables tied to Stoxx, Russell
By Susanna Moon
Chicago, June 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 26, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed 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 6.25% if each index closes above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.
The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 23 and settle on June 28.
The Cusip number is 46646EGN6.
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