JPMorgan plans 7.75%-9.75% yield autocallables tied to Russell, S&P

By Susanna Moon

Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC plans to price 7.75% to 9.75% autocallable yield notes due Feb. 28, 2020 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.

Interest is payable monthly.

The notes will be called at par if each index closes at or above its initial level on any review date other than the final date after six months.

The payout at maturity will be par unless either underlying index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 30.

The Cusip number is 48130UX34.

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