JPMorgan plans contingent interest autocallables tied to index, funds

By Susanna Moon

Chicago, Jan. 14 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 21, 2020 linked to the worse performing of the SPDR Euro Stoxx 50 exchange-traded fund, the Russell 2000 index and the iShares MSCI EAFE ETF, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 7% if each underlying component closes at or above the 61% coupon barrier level on a review date for that month.

The notes will be called at par if any component finishes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless any underlying component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 48127D6L7.

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