JPMorgan plans contingent interest autocalls tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., Jan. 7 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 6, 2020 linked to the least performing of the Russell 2000 index and the S&P 500 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 8% to 10% if each index closes at or above its 65% 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 quarterly review date other than the first and final ones.

The payout at maturity will be par unless either underlying index ever closes below its 65% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 48130WNQ0.

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