JPMorgan aims to price autocallable yield notes tied to three indexes

By Sarah Lizee

Olympia, Wash., Sept. 26 – JPMorgan Chase Financial Co. LLC plans to issue 9.4% autocallable yield notes due Oct. 5, 2020 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly and will be at least 9.4%, with the exact coupon to be set at pricing.

The notes will be called at par of $1,000 plus the interest payment if each index closes at or above its initial level on March 30, 2020, June 30, 2020 or Sept. 30, 2020.

The payout at maturity will be par plus the final interest payment unless any index closes below its 70% trigger level on any day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132FNH5) will price on Sept. 30.

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