JPMorgan plans contingent income callable securities on three indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – JPMorgan Chase & Co. plans to price contingent income callable securities due Aug. 15, 2018 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of at least 13% if each index closes at or above its downside threshold level, 75% of its initial index level, on the determination date for that quarter.

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

If each index finishes at or above its downside threshold level, the payout at maturity will be par plus the final contingent coupon. If the final level of any index is less than its downside threshold level, investors will be fully exposed to the decline of the least-performing index.

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

The notes will price on Aug. 10 and settle three business days after pricing.

The Cusip number is 46646ETJ1.

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