JPMorgan plans trigger autocallable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger autocallable contingent yield notes due Jan. 2, 2020 linked to 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.

The notes will pay a contingent quarterly coupon at an annual rate of 8.75% to 9.75% if each index closes at or above its barrier level, 70% of its initial level, 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 observation date after six months.

The payout at maturity will be par plus the final coupon unless either index finishes below the barrier level, in which case investors will lose 1% for every 1% decline of the worse performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 48128P498) will price on Dec. 28 and settle on Dec. 30.

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