JPMorgan plans contingent interest autocalls on Citigroup

By Sarah Lizee

Olympia, Wash., Jan. 23 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 10, 2021 linked to Citigroup Inc. stock, according to a 424B2 filing 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 its 80% coupon barrier on the review date for that quarter, in which case investors will also receive any previously unpaid coupons.

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

The payout at maturity will be par unless the stock finishes below its 80% 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 agent.

The notes will price on Jan. 24.

The Cusip number is 48132HVG4.

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