JPMorgan plans autocallable contingent interest notes on three stocks

By Susanna Moon

Chicago, May 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 31, 2019 linked to the least performing of the common stocks of Bank of America Corp., Cisco Systems, Inc. and Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 9.5% to 12.5% if each stock closes above its 60% barrier level on a review date for that month. The exact rate will be set at pricing.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par plus the final coupon unless any stock closes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 46646ECD2.

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