JPMorgan plans contingent interest buffered autocallables on Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 26 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest and buffered notes due July 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

A trigger event occurs if the index closes below its 88% trigger level on any day during the life of the notes.

If a trigger event has not occurred on or prior to a monthly review date, the notes will pay a contingent coupon for that month at an annual rate of at least 7%. The exact coupon will be set at pricing.

If a trigger event has not occurred on or prior to the final review date, the notes will be automatically called at par plus the contingent coupon.

If the notes are not called, meaning a trigger event has occurred, at maturity investors will lose 1% for each 1% decline of the index beyond the 12% buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 28.

The Cusip is 46647MMH3.

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