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

By Susanna Moon

Chicago, Sept. 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 30, 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.

Interest is payable quarterly at a rate of at least 7.3% a year if each index closes above its 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly 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 any losses in the worse performing index.

The exact terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

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

The Cusip number is 46646EYQ9.

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