JPMorgan plans contingent coupon autocallable yield notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Dec. 20, 2018 linked to the S&P 500 index, Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes pay a contingent quarterly coupon at an annual rate of at least 10.2% if each index closes above its 75% barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below its barrier, in which case investors will be fully exposed to the decline of the least-performing index. J.P. Morgan Securities LLC is the agent.

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