JPMorgan to price contingent income autocallables on Facebook stock

By Sarah Lizee

Olympia, Wash., May 22 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due May 29, 2020 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the shares close at or above the downside threshold level, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 10.2%.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on May 24.

The Cusip number is 48132E786.

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