JPMorgan plans contingent yield trigger autocalls on Nasdaq, Russell

By Susanna Moon

Chicago, March 5 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due March 18, 2022 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8.4% to 9.4% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if the index closes at or above its initial level on any review date after six months.

The payout at maturity will be par unless either index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on March 15.

The Cusip number is 48130X323.

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