JPMorgan plans callable contingent interest notes linked to indexes

By Marisa Wong

Madison, Wis., June 8 – JPMorgan Chase & Co. plans to price callable contingent interest notes due July 2, 2021 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 6.5% if each underlying index closes at or above the 60% barrier level on a review date for that quarter.

The notes are callable at par plus the coupon on any interest payment date other than the final date.

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

J.P. Morgan Securities LLC is the agent.

The notes will price on June 25 and settle on June 30.

The Cusip number is 48125UWX6.

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