JPMorgan plans trigger autocallable contingent yield notes tied to Ford

By Angela McDaniels

Tacoma, Wash., Aug. 9 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Aug. 17, 2021 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each month, the notes will pay a contingent coupon at the rate of 9% per year if Ford shares close at or above the downside threshold level, 63.5% to 68.5% of the initial share price, on the observation date for that month. The exact downside threshold will be set at pricing.

After one year, the notes will be automatically called at par of $10 if Ford shares close at or above the initial share price on any monthly observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes will price Aug. 12.

The Cusip number is 46646X795.

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