JPMorgan plans callable contingent interest notes tied to three funds

By Susanna Moon

Chicago, March 13 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due April 6, 2021 linked to the least performing of the Energy Select Sector SPDR fund, the Financial Select Sector SPDR fund and the Consumer Staples Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 6.4% if each fund closes at or above its coupon barrier, 60% of its initial level, on a review date for that quarter.

The notes are callable at par on any contingent coupon payment date other than the first, second, third and final dates.

The payout at maturity will be par unless any fund finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 28 and to settle on March 31.

The Cusip number is 46646QT62.

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