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JPMorgan plans contingent interest autocallables linked to Stoxx 50
By Susanna Moon
Chicago, April 27 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 6, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if the index closes at or above its 85% coupon barrier on a review date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the index finishes below its 74% to 76% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on May 2 and settle on May 5.
The Cusip number is 46646QRP2.
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