JPMorgan plans to price contingent interest autocalls on FedEx

By Sarah Lizee

Olympia, Wash., Nov. 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 12, 2021 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above the trigger level, 70% of the initial share price, on a quarterly review date, the notes will pay a contingent coupon at the rate of 9.15% per year.

The notes will be automatically called at par plus the coupon if the stock closes at or above its initial share price on any quarterly review date other than the first and final review dates.

If the notes have not been called, the payout at maturity will be par plus the coupon unless the stock finishes below 70% of its initial level, in which case investors will lose 1% for every 1% that the stock declines from its initial share price.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 8.

The Cusip number is 48132FJ98.

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