JPMorgan to price autocallable yield notes linked to S&P, Euro Stoxx

By Devika Patel

Knoxville, Tenn., July 11 – JPMorgan Chase Financial Co. LLC plans to price 6% autocallable yield notes due Oct. 25, 2018 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable monthly.

Beginning Oct. 20, 2017, the notes will be called at par plus the interest payment if each index closes at or above its initial level on any quarterly review date other than the final one.

The payout at maturity will be par plus the final interest payment unless either index closes below its trigger level on any day during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level. The trigger level is expected to be at most 70.5% of the initial level and will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46647MWR0) will price on July 20 and settle on July 25.

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