JPMorgan plans contingent income autocallables linked to two indexes

By Susanna Moon

Chicago, Dec. 7 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Dec. 23, 2020 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at an annual rate of 6.35% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above the 105% call level on any contingent payment date other than the first and final contingent payment dates.

The payout at maturity will be par unless either index finishes below its 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 with Morgan Stanley Wealth Management handling distribution.

The notes will price on Dec. 18.

The Cusip number is 48128A509.

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