JPMorgan to price trigger phoenix autocallable notes linked to Ford

By Toni Weeks

San Luis Obispo, Calif., March 18 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due March 26, 2020 linked to Ford Motor Co. common shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 7% if the stock closes at or above the coupon barrier, 68% to 73% of the initial share price, on any monthly observation date.

The notes will be called at par if Ford shares close at or above the initial share price on any monthly observation date after one year.

If the notes are not called, the payout at maturity will be par unless the stock finishes below the 68% to 73% trigger level, in which case investors will be fully exposed to any losses.

The exact terms will be set at pricing.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

The notes will price March 20 and settle March 25.

The Cusip number is 48127T772.

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