JPMorgan plans 6.25%-8.25% yield autocalls due 2019 tied to indexes

By Susanna Moon

Chicago, Jan. 11 – JPMorgan Chase Financial Co. LLC plans to price 6.25% and 8.25% autocallable yield notes due April 30, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if each underlying index closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par unless either index component finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 5.

The Cusip number is 48129HE52.

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