JPMorgan plans 11.5% contingent interest autocalls on three stocks

By Susanna Moon

Chicago, Aug. 23 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 26, 2021 linked to the least performing of the common stocks of Amazon.com Inc., Facebook, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11.5% if each stock closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if each stock 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 any stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will settle on Aug. 28.

The Cusip number is 48130UDP7.

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