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Published on 1/12/2017 in the Prospect News Structured Products Daily.

JPMorgan plans callable contingent income callable securities on three indexes

By Susanna Moon

Chicago, Jan. 12 – JPMorgan Chase Financial Co. LLC plans to price contingent income callable securities due Jan. 17, 2019 linked to the least 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.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 12.15% if each index closes at or above its 75% downside threshold on each day during that quarter.

The notes will be callable at par on any contingent coupon payment date other than the first and final dates.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 13.

The Cusip number is 46646QUW3.


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