JPMorgan plans contingent income autocallables tied to Halliburton

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Nov. 29, 2019 linked to Halliburton Co. shares, 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 quarterly coupon at an annualized rate of at least 10.75% if Halliburton stock closes at or above its 75% downside threshold on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above its initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 75% downside threshold, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 25.

The Cusip number is 48128P613.

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