JPMorgan to price 8.15% autocallable yield notes linked to FedEx

By Sarah Lizee

Olympia, Wash., Nov. 13 – JPMorgan Chase Financial Co. LLC plans to price 8.15% autocallable yield notes due Nov. 27, 2020 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The notes will be automatically redeemed at par plus the coupon if the shares close at or above the initial share price any quarterly review date.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the initial level and the stock closes below the trigger value, 70% of the initial share price, during the life of the notes, in which case investors will lose 1% for each 1% decline in the share price.

J.P. Morgan Securities LLC is the agent.

The notes will price Nov. 14.

The Cusip number is 48132FJ80.

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