JPMorgan plans 5% contingent interest notes tied to Russell 2000

By Susanna Moon

Chicago, Sept. 12 – JPMorgan Chase Financial Co. LLC plans to price contingent interest notes due Sept. 30, 2021 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 5% if the index closes at or above its 85% coupon barrier on the determination date for that quarter.

The payout will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 26.

The Cusip number is 46647M5W9.

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