JPMorgan will price contingent income autocallables on three indexes

By Devika Patel

Knoxville, Tenn., April 18 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due May 4, 2022 linked to the worst performing of the S&P 500 index, the Russell 2000 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.

Each quarter, the notes will pay a contingent quarterly payment at a rate of 7.8% per year if each index closes at or above its coupon barrier level, 70% of its initial index level, on the determination date for that quarter.

Beginning April 30, 2018, JPMorgan may call the notes at par of $1,000 plus any contingent coupon on any quarterly determination date other than the final one if the closing level of each index is greater than or equal to its initial level.

If each index finishes at or above its downside threshold level, 60% of its initial index level, the payout at maturity will be par plus the final contingent coupon, if any.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 46646Q6A8) will price on April 28 and settle four days after pricing.

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