JPMorgan plans 7%-7.75% contingent interest callables on Dow, Russell

By Susanna Moon

Chicago, June 13 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due July 2, 2024 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 7.75% if each index closes at or above its 65% coupon barrier on the review date for that quarter.

The notes are callable at par on any review date other than the first, second, third and final dates.

The payout at maturity will be par unless either underlying index finishes below 65% trigger level, in which case investors will be fully exposed to 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 June 27 and settle on July 2.

The Cusip number is 48129MZZ2.

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