JPMorgan plans callable contingent interest notes tied to two indexes

By Tali Rackner

Norfolk, Va., Jan. 21 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Jan. 29, 2019 linked to the lesser 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 interest rate of 8.5% to 9% annualized if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter.

The notes may be called at par plus the contingent coupon on any interest payment date other than the final date.

The payout at maturity will be par unless either index closes below its 75% 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 Jan. 25 and settle on Feb. 1.

The Cusip number is 48128GKU3.

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