JPMorgan eyes contingent buffered equity autocalls on Russell, Stoxx

By Sarah Lizee

Olympia, Wash., April 29 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent buffered equity notes due May 31, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a 11.5% annual call premium if each index closes at or above its initial level on any annual review date other than the final date.

If each index finishes above its initial level, the payout at maturity will be par plus the gain of the lesser performing index.

If the either index falls but by no more than 40%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 28.

The Cusip number is 48132CEY5.

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