JPMorgan plans contingent interest autocallables linked to indexes

By Sarah Lizee

Olympia, Wash., April 18 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 29, 2020 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at the rate of at least 6.5% per year if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that period.

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 review date other than the first and final dates.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its initial level and any index has ever closed below its trigger value, 70% of its initial level, during the life of the notes, 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 April 24.

The Cusip number is 48132CDC4.

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