JPMorgan to price contingent interest autocallables on three indexes

By Marisa Wong

Morgantown, W.Va., Nov. 13 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 20, 2018 linked to the least 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 are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at a rate of 8.25% to 10.25% 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 final review date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its initial level and any 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 least-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 48129HKM8.

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