JPMorgan plans contingent income callable notes linked to indexes

By Susanna Moon

Chicago, May 18 – JPMorgan Chase Financial Co. LLC plans to price contingent income callable securities due May 24, 2018 linked to the S&P 500 index, the Euro Stoxx 50 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 9.7% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter. The exact contingent coupon will be set at pricing.

The notes are callable at par on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index finishes below the 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.

The notes will price on May 20.

The Cusip number is 46646EDK5.

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