JPMorgan to price contingent income autocallables tied to two indexes

By Devika Patel

Knoxville, Tenn., June 28 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Jan. 8, 2020 linked to the worst performing of the Financial Select Sector index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent quarterly payment at a rate of 9% per year if each index closes at or above its coupon barrier level, 67.5% of its initial index level, on the determination date for that quarter.

If each index closes at or above its initial level on any quarterly determination date other than the final one, the notes will be called at par of $1,000 plus any contingent coupon.

If each index finishes at or above its downside threshold level, 67.5% of its initial index level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 46647MTB9) will price on July 3 and settle four days after pricing.

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