JPMorgan to price contingent interest autocallables on Russell, S&P

By Marisa Wong

Morgantown, W.Va., Nov. 13 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 21, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 coupon at a rate of 7% to 9% per year if each index closes at or above its interest barrier, 70% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the first and final review dates.

If the notes have not been called, the payout at maturity will be par unless either index finishes below its initial level and either index closes below its trigger value, 70% of its initial level, on any day during the life of the notes, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 15.

The Cusip number is 48129HKN6.

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