JPMorgan plans 10-year contingent interest autocallables on indexes

By Marisa Wong

Morgantown, W.Va., Sept. 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 30, 2026 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed 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 7.3% if each index closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter. The exact coupon will be set at pricing.

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

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 48128GYP9.

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