JPMorgan plans 8% autocallable yield notes tied to three stocks

By Sarah Lizee

Olympia, Wash., Nov. 8 – JPMorgan Chase Financial Co. LLC plans to price 8% autocallable yield notes due Nov. 17, 2021 linked to the common stocks of Apple Inc., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its call level on any monthly observation date. The call level will be 100% of the initial levels.

If the notes are not called, the payout at maturity will be par unless any stock finishes below its 60% barrier, in which case investors will be fully exposed to the decline of the least-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 12.

The Cusip number is 48132FH33.

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