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Published on 9/21/2017 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest callables linked to three indexes

By Susanna Moon

Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Oct. 1, 2024 linked to the lesser 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 will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of at least 7% if each index closes at or above its 65% coupon barrier on the determination date for that month.

The notes are callable at par on any quarterly determination date other than the first and final dates.

The payout will be par unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 26 and settle on Sept. 29.

The Cusip number is 46647M6S7.


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