JPMorgan plans 5.25% contingent interest autocalls on Dow, Russell

By Susanna Moon

Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 29, 2022 linked to the lesser performing of the Dow Jones industrial average 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 5.25% if each index closes at or above its 85% 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 falls by more than 15%, in which case investors will be exposed to any losses of the worse performing index beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 26.

The Cusip number is 48130UKW4.

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