JPMorgan plans contingent income autocallables linked to two indexes

By Susanna Moon

Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Nov. 5, 2018 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 9.25% if each index closes at or above its downside threshold level, 80% of its initial level, on the determination date for that quarter.

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

The payout at maturity will be par plus the final contingent coupon unless either index finishes below the 80% downside threshold level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on Oct. 31.

The Cusip number is 46646EW65.

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