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JPMorgan plans 7% callable yield notes due 2021 tied to three indexes
Chicago, Jan. 3 – JPMorgan Chase Financial Co. LLC plans to price 7% callable yield notes due Jan. 7, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes may be called, in whole but not in part, on any interest payment date except the final one beginning April 9, 2019.
The payout at maturity will be par plus the interest payment unless any index closes below its 56.75% trigger level, in which case investors will be fully exposed to the any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 4 and settle on Jan. 9.
The Cusip number is 48130WQY0.
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