JPMorgan plans autocallable contingent interest notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 22 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Feb. 19, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate between 6.75% and 8.75%if each index closes at or above its coupon barrier level, 70% of its initial level, on the review date for that month. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly autocall review date.

The payout at maturity will be par unless either index finishes below its 65% trigger level, in which case investors will be fully exposed to the loss of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 16 and settle on Feb. 19.

The Cusip number is 48128GKZ2.

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