JPMorgan plans contingent interest callable notes tied to indexes, fund

By Susanna Moon

Chicago, June 28 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Jan. 13, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay contingent quarterly interest at an annual rate of at least 13% if each component closes above its 70% interest barrier on the observation date for that quarter.

The notes are callable at par on any quarterly review date other than the first and final dates.

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

The exact terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 6 and settle on July 11.

The Cusip number is 46646EKT8.

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