JPMorgan plans jump autocallables linked to CAC 40, FTSE MIB, IBEX 35

By Angela McDaniels

Tacoma, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% jump securities with autocallable feature due Oct. 1, 2020 linked to the worst performing of the CAC 40 index, the FTSE MIB index and the IBEX 35 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be automatically called at par of $10 plus a call premium if each index closes at or above its initial level on either annual call observation date. The call premium is expected to be at least 10% per year and will be set at pricing.

If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be the maturity redemption payment, which is expected to be $13 per $10 principal amount of notes and will be set at pricing. If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

J.P. Morgan Securities LLC is the underwriter. Distribution is through Morgan Stanley Wealth Management.

The notes will price Sept. 26.

The Cusip number is 48129J418.

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