JPMorgan plans 9% contingent interest autocalls on S&P 500, Russell

By Sarah Lizee

Olympia, Wash., Nov. 7 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 25, 2020 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.

The notes will pay a contingent monthly coupon at an annual rate of at least 9% if each index closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless either underlying index ever closes below 70% trigger level during the life of the notes, 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 Nov. 20 and settle on Nov. 26.

The Cusip number is 48130UY25.

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