JPMorgan to price contingent interest autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Jan. 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 19, 2024 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each month, the notes will pay a contingent coupon if each index closes at or above its interest barrier, 70% of its initial level, on the review date for that month. The contingent coupon rate is expected to be at least 7.5% per year and will be set at pricing.

Beginning Jan. 16, 2020, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly autocall review date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its trigger value, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 16.

The Cusip number is 48130WSA0.

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