JPMorgan plans contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, July 19 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 31, 2019 linked to the least performing of the class B common stock of Berkshire Hathaway Inc. and the common stocks of Aetna Inc. and MetLife, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 10% if each stock closes above its 55% interest barrier on the observation date for that month.

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

The payout at maturity will be par unless any stock finishes below its 55% trigger level, in which case investors will be fully exposed any losses in the worse performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip number is 46646EPZ9.

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