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JPMorgan to price trigger autocallable notes on Russell, Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 9 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Feb. 16, 2023 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index closes at or above its coupon barrier level, 70% of its initial level, on an annual observation date, the notes will pay a contingent coupon that year at a rate of at least 9.5%.
The notes will be called at par if each index closes at or above its initial level on any annual observation date.
The payout at maturity will be par unless either index finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on Feb. 12.
The Cusip number is 48129L785.
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