JPMorgan to price contingent interest notes on Dow, Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Aug. 26 – JPMorgan Chase Financial Co. LLC plans to price contingent interest notes due June 2, 2022 linked to the lesser performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each month, the notes pay a contingent coupon at a rate of 6.3% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the review date for that period.

The payout at maturity will be par unless either index finishes below its 60% trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 27.

The Cusip number is 48132MG88.

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