JPMorgan plans contingent interest autocallables on Advance Auto Parts

By Marisa Wong

Morgantown, W.Va., March 21 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 26, 2020 linked to Advance Auto Parts, Inc. common stock, 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 quarterly coupon at an annual rate of at least 11% if the stock closes at or above its 60% coupon barrier on the related quarterly review date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial value on any review date other than the final date.

The payout at maturity will be par unless the stock finishes below its 60% trigger value, in which case investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 22.

The Cusip number is 48129MFC5.

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