JPMorgan to price callable contingent interest notes on index, ETFs

By Sarah Lizee

Olympia, Wash., Nov. 19 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Nov. 30, 2021 linked to the lesser performing of the Nasdaq-100 index, the Financial Select Sector SPDR fund and the SPDR S&P Oil & Gas Exploration & Production ETF, 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 semiannual coupon at an annual rate of at least 15% if each asset closes at or above its 70% coupon barrier on the related determination date.

The notes are callable at par on any semiannual determination date other than the final date.

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

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 21 and settle on Nov. 29.

The Cusip number is 48130WDR9.

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