JPMorgan plans three-year contingent income autocallables on indexes

By Susanna Moon

Chicago, Aug. 8 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Aug. 20, 2020 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at a rate of 8.25% per year if each index closes at or above its 75% downside threshold on the determination date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly determination date other than the first, second, third and final determination dates.

The payout will be par plus any gain of the worst performing index unless any index finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on Aug. 15.

The Cusip number is 46647MG80.

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