JPMorgan plans callable contingent coupon notes on four bank stocks

By Marisa Wong

Morgantown, W.Va., July 27 – JPMorgan Chase Financial Co. LLC plans to price contingent income callable securities due Aug. 2, 2018 linked to an equally weighted basket of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The basket includes the stocks of Bank of America Corp., Citigroup Inc., Capital One Financial Corp. and Regions Financial Corp.

The notes will pay a contingent quarterly coupon of at least 2.25% if the basket closes at or above the 70% downside threshold level on each day during a quarterly observation period.

The notes are callable at par plus the contingent quarterly coupon, if any, on any contingent payment date.

If the final basket level is greater than or equal to the downside threshold, the payout at maturity will be par plus the final contingent quarterly payment, if any. Otherwise, investors will be fully exposed to the basket decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 29.

The Cusip number is 46646EQV7.

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