JPMorgan plans contingent income autocallables linked to three indexes

By Jennifer Chiou

New York, March 27 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due April 5, 2022 linked to the worst performing of the Russell 2000 index, the Euro Stoxx 50 index and the Nikkei 225 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.25% if each index closes at or above the 75% coupon barrier level on the observation date for that quarter.

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

The payout at maturity will be par plus the final coupon unless any index finishes below the 60% trigger level, in which case investors will be fully exposed to any losses of the worst-performing index.

The notes (Cusip: 48127T616) will price on March 31.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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