JPMorgan plans callable contingent interest notes tied to Russell 2000

By Susanna Moon

Chicago, Feb. 9 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Feb. 24, 2025 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a coupon at an annual rate of at least 7% if the index closes at or above the 65% coupon barrier level on a review date for that quarter.

The notes are callable at par on any interest payment date other than the first, second, third or final dates.

The payout at maturity will be par unless the index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 24 and settle on Feb. 27.

The Cusip number is 48125UCA8.

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