JPMorgan plans contingent interest autocallables on S&P 500, Russell

By Marisa Wong

Morgantown, W.Va., May 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 28, 2026 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 are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 7.6% if each index closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review other than the first, second, third and final review dates.

The payout at maturity will be par unless either index finishes below its initial level and either index ever closes below its 60% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

The exact deal terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 46646EBX9.

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