JPMorgan plans contingent income autocallables linked to two indexes

By Marisa Wong

Morgantown, W.Va., Dec. 9 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Dec. 14, 2018 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at least 2.025% if each index closes at or above its downside threshold level, 70% of its initial level, on the determination date for that quarter.

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

The payout at maturity will be par unless either index finishes below its downside threshold 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 are expected to price Dec. 11.

The Cusip number is 48128A855.

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