JPMorgan plans contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 22, 2023 linked to the least performing of the common stocks of Citigroup Inc., Bank of America Corp. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 6.5% if each stock closes at or above its 50% coupon barrier on the review date for that period.

The notes will be called at par if each stock closes at or above its initial level any interest payment dates other than the first and final dates.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 17.

The Cusip number is 48129HNY9.

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