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JPMorgan plans contingent coupon callable notes tied to three indexes
By Susanna Moon
Chicago, April 5 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon callable yield notes due May 4, 2020 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the FTSE 100 index, 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 quarterly coupon at an annual rate of at least 8.5% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.
The notes are callable at par on any quarterly observation date other than the final date.
The payout at maturity will be par unless any index finishes below its 65% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 25 and settle on April 28.
The Cusip number is 46646QPT6.
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