JPMorgan plans to price contingent interest autocalls on indexes

By Sarah Lizee

Olympia, Wash., May 15 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 25, 2021 tied to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 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 18.15% per year if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter.

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

If the notes have not been called, the payout at maturity will be par plus any coupon due unless any index finishes below its 70% trigger level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 20.

The Cusip number is 48132KL60.

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