JPMorgan plans callable contingent interest notes tied to indexes, fund

By Susanna Moon

Chicago, Jan. 29 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Aug. 9, 2019 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 10.5% if each component closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.

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

The payout at maturity will be par unless any component closes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 2 and settle on Feb. 5.

The Cusip number is 48128GLH1.

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