JPMorgan plans autocallable notes tied to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, July 15 – JPMorgan Chase Financial Co. LLC plans to price autocallable notes due July 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annual call premium of at least 11.2% if each index closes at or above its call level on any of three annual review dates.

The call level will be 100% of the initial level on Aug. 2, 2017, stepping down to 95% of the initial level on July 26, 2018 and to 90% of the initial level on July 26, 2019.

The payout at maturity will be par unless either index closes below its 75% trigger level, in which case investors will be fully exposed any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip number is 46646ENQ1.

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