JPMorgan plans callable contingent interest notes tied to three indexes

By Susanna Moon

Chicago, March 21 – JPMorgan Chase Financial Co. LLC plans to price 0% callable contingent interest notes due April 1, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 11% to 12% if each index closes at or above its coupon barrier, 75% of its initial level, on the valuation date for that quarter.

The notes are callable at par plus any contingent coupon due on any interest payment date other than the final date.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 75% trigger 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.

The notes will price on March 23 and settle on March 31.

The Cusip number is 46646QX67.

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