JPMorgan plans contingent coupon autocallable yield notes on indexes

By Sarah Lizee

Olympia, Wash., Sept. 7 – JPMorgan Chase Financial Co. LLC plans to price 8.75% contingent coupon autocallable yield notes due March 30, 2021 linked to the lowest performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase & Co. will guarantee the notes.

The notes will pay a quarterly coupon at an annualized rate of 8.75% if each index closes above its coupon barrier level, expected to be 75% of its initial level, on the observation date for that period.

The notes will be automatically called at par on any coupon payment date beginning March 25, 2019 and before maturity if each index closes at or above their initial level on the observation date for that quarter.

The payout at maturity will be par unless either index closes below its knock-in level, expected to be 75% of its initial level, on any day during the life of the notes in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Sept. 25 and settle on Sept. 28.

The Cusip number is 48130UGF6.

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