JPMorgan to sell trigger autocallable contingent yield notes on Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Oct. 28 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Nov. 3, 2022 linked to the Nasdaq-100 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 pay a contingent quarterly coupon at an annual rate of 9% to 9.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

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

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

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

The notes will price on Oct. 29.

The Cusip number is 48132G229.

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