JPMorgan plans callable contingent income securities on three indexes

By Devika Patel

Knoxville, Tenn., April 19 – JPMorgan Chase Financial Co. LLC plans to price contingent income callable securities due Oct. 24, 2019 linked to the lesser 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.

Each quarter, the notes will pay a contingent coupon at an annual rate of at least 10.2% if each index closes at or above its coupon barrier level, 75% of its initial index level, on each day of that quarter.

The notes are callable at par on any quarterly determination date other than the final one beginning on July 26, 2017.

If each index finishes at or above its 65% downside threshold level, the payout at maturity will be par plus the final contingent coupon, if any. If the final level of any index is less than the downside threshold level, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QQW8) are expected to price on April 21 and settle three business days after pricing.

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