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JPMorgan plans contingent interest autocallables tied to Russell 2000
By Susanna Moon
Chicago, Jan. 23 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent semiannually coupon at an annual rate of 12% to 13% if the index closes at or above its coupon barrier level, 85% of its initial level, on the review date for that semiannual period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the index finishes below its 85% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 25.
The Cusip number is 46646QKF1.
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