JPMorgan plans contingent interest autocallables linked to two indexes

By Susanna Moon

Chicago, March 21 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent interest notes due April 2, 2018 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.

The notes will pay a contingent quarterly coupon at an annualized rate of 7% to 9% if each index closes at or above its coupon barrier, 70% of its initial level, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any interest payment date other than the final date.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its initial level and ever closes below the 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 46646QN35.

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