JPMorgan plans 10% contingent interest autocalls on Activision Blizzard

By Sarah Lizee

Olympia, Wash., Oct. 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 6, 2019 linked to the common stock of Activision Blizzard, 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 quarterly coupon at an annual rate of 10% if the stock closes at or above its 60.6% trigger level on the review date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless the shares finish below its 60.6% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Oct. 19 and settle on Oct. 24.

The Cusip number is 48130UH73.

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