JPMorgan plans trigger autocallable notes linked to Alaska Air

By Angela McDaniels

Tacoma, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Oct. 1, 2020 linked to the common stock of Alaska Air Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at the rate of 8% per year if Alaska Air shares close at or above the downside threshold level, 59% to 64% of the initial share price, on the observation date for that quarter. The exact downside threshold will be set at pricing.

Beginning March 27, 2018, the notes will be automatically called at par of $10 if Alaska Air shares close at or above the initial share price on any quarterly 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 Sept. 27.

The Cusip number is 48129J384.

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