JPMorgan plans contingent income autocalls on three indexes

By Sarah Lizee

Olympia, Wash., Feb. 11 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Feb. 17, 2022 linked to the least performing of the Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.5% per year if each index closes at or above its downside threshold level, 75% of its initial level, on the determination date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the final determination date.

The payout at maturity will be par unless any index finishes below its downside threshold level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

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

The notes will price on Feb. 14.

The Cusip number is 48132H6H0.

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