JPMorgan plans contingent coupon autocallable yield notes on indexes

Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Jan. 13, 2021 linked to the lowest performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase & Co. will guarantee the notes.

The notes will pay a quarterly coupon at an annualized rate of 15% if each index closes above its coupon barrier level, expected to be 79% of its initial level, on the observation date for that period.

The notes will be automatically called at par on any coupon payment date except the final date if each index closes at or above its initial level on the observation date for that quarter.

The payout at maturity will be par plus the coupon unless any index has a final value below its trigger value, expected to be 79% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Jan. 8 and settle on Jan. 11.

The Cusip number is 48130WRB9.

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