JPMorgan plans autocallable contingent interest notes on Apple, Amazon

By Wendy Van Sickle

Columbus, Ohio, Oct. 18 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 31, 2019 linked to the least performing of the common stocks of Apple Inc. and Amazon.com, Inc., according to a 424B2 filing 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 10% to 11% if each stock closes above its 60% barrier level on a review date for that month. The exact rate will be set at pricing.

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 first and final dates.

The payout at maturity will be par plus the final coupon unless either stock closes below its barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 46646EY55.

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