JPMorgan plans callable contingent interest notes on Russell, S&P

New York, Sept. 9 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Oct. 2, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 60% of its initial level, on the review date for that quarter. The contingent coupon rate is expected to be at least 7.75% per year and will be set at pricing.

The notes will be callable at par plus any contingent coupon on any interest payment date other than the final interest payment dates.

If the notes have not been called, the payout at maturity will be par plus any contingent interest payment unless either index finishes below its 60% trigger level, 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 Sept. 25 and settle Sept. 30.

The Cusip number is 48125U4G4.

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