JPMorgan plans 10-year contingent income autocallables tied to S&P 500

By Susanna Moon

Chicago, Dec. 12 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Dec. 17, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 7.05% if the index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the index closes at or above its initial level on any determination date other than the first, second, third and final dates.

The payout at maturity will be par plus the final coupon unless the index finishes below the 60% downside threshold, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 14.

The Cusip number is 46646QDW2.

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