JPMorgan to price contingent income callable notes linked to indexes

By Tali Rackner

Norfolk, Va., Jan. 8 – JPMorgan Chase & Co. plans to price contingent income callable securities due Jan. 19, 2018 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of at least 9.15% if each index closes at or above its downside threshold level, 65% of its initial level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes are callable at par on any contingent payment date other than the final one.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the least-performing index.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes are expected to price on Jan. 15.

The Cusip is 48128GJP6.

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