JPMorgan to price contingent interest autocallables on two stocks

By Sarah Lizee

Olympia, Wash., Aug. 28 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 3, 2023 linked to Five Below, Inc. and Chewy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 18% if the lesser performing stock closes at or above its 60% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon if the lesser performing stock closes at or above 85% of its initial level on any quarterly review date other than the final one.

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

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 31.

The Cusip number is 48132M7H8.

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