JPMorgan to price contingent interest autocalls on indexes, fund

By Sarah Lizee

Olympia, Wash., March 25 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 2, 2024 tied to the least performing of the SPDR S&P Oil & Gas Exploration & Production ETF, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.1% if each underlying asset closes at or above its 70% coupon barrier on the coupon review date for that month.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly autocall review date after one year.

The payout at maturity will be par unless any underlier finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index or fund.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 27.

The Cusip number is 48130WN49.

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