JPMorgan plans callable contingent interest notes on indexes, ETF

By Tali Rackner

Norfolk, Va., June 17 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Dec. 30, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of at least 11% if each underlying closes at or above its coupon barrier level, 70% of its initial level, on each day during the quarterly monitoring period.

The notes may be called at par in whole but not in part on any interest payment date other than the first and final ones.

If the notes have not been called, the payout at maturity will be par unless any asset has finished below its trigger value, 55% of its initial level, in which case investors will lose 1% for every 1% decline of the worst-performing assed.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on June 20 and settle on June 23.

The Cusip number is 46646EHR6.

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