JPMorgan plans 7% contingent interest autocalls on Stoxx 50, Russell

By Susanna Moon

Chicago, Aug. 3 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 10, 2028 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, 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% if each index closes at or above its 60% coupon barrier on the review date for that quarter.

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

The payout at maturity will be par unless either index finishes below its 60% 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 Aug. 6.

The Cusip number is 48130UAN5.

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