JPMorgan to price contingent interest autocallables tied to Apple

By Sarah Lizee

Olympia, Wash., May 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 3, 2020 linked to Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above the 73% coupon barrier on the observation date for that quarter, plus any previously unpaid coupons.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the final date.

The payout at maturity will be par plus unless the stock finishes below its 73% trigger level, in which case investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the underwriter.

The notes will price May 17.

The Cusip number is 48132CNG4.

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