JPMorgan plans contingent interest callables tied to S&P 500, Russell

By Susanna Moon

Chicago, Aug. 16 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest accrual notes due Sept. 3, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 6% for each day that the indexes close at or above its 80% coupon barrier for that month.

The notes are callable at par plus the contingent coupon on any review date other than the first through eleventh and final dates.

The payout at maturity will be par unless either index falls by more than 20%, in which case investors will lose 1% for each 1% decline of the worse performing index beyond the 20% buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 28.

The Cusip number is 46647MMN0.

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