JPMorgan plans contingent interest autocalls tied to Stoxx, Nikkei

By Wendy Van Sickle

Columbus, Ohio, Nov. 29 – JPMorgan Chase Financial Co. LLC plans to price 6.25% autocallable contingent interest notes due Dec. 4, 2019 linked to the least performing of the Nikkei 225 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of between 14.7% and 15% if each index closes at or above its 85% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon 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 underlying index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 7 and settle on Dec. 12.

The Cusip number is 48130WEU18.

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