JPMorgan plans trigger callable contingent yield notes tied to indexes

By Devika Patel

Knoxville, Tenn., Jan. 11 – JPMorgan Chase Financial Co. LLC plans to price trigger callable contingent yield notes due July 22, 2019 with daily coupon observation linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 8.3% to 8.8% if each index closes at or above its coupon barrier level, 65% of its initial level, on each day during the quarterly observation period.

After an initial six-month non-call period, the notes will be callable at par plus the coupon on any quarterly observation end date other than the final valuation date.

The payout at maturity will be par unless any index finishes below 55% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

The notes (Cusip: 48128P266) will price on Jan. 13 and settle on Jan. 23.

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