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Published on 4/25/2019 in the Prospect News Structured Products Daily.

JPMorgan to price callable contingent interest notes tied to index, ETF

By Sarah Lizee

Olympia, Wash., April 25 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due May 27, 2022 linked to the lesser performing of the Nasdaq-100 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent semiannual coupon at an annual rate of 8.6% if both assets close at or above their interest barriers, 70% of their initial levels, on the review date for that period. The exact contingent interest rate will be set at pricing.

JPMorgan may call the notes in whole at par on any interest payment date other than the final one.

If the notes have not been called, the payout at maturity will be par plus the final interest payment unless either asset finishes below its 70% trigger value, in which case investors will lose 1% for each 1% decline of the lesser-performing asset from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 24.

The Cusip number is 48132CEB5.


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