JPMorgan to price contingent interest autocallables on three ETFs

By Marisa Wong

Morgantown, W.Va., Dec. 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 16, 2022 linked to the least performing of the SPDR S&P 500 ETF trust, the iShares Russell 2000 ETF and the SPDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at a rate of at least 7.35% per year if each ETF closes at or above its coupon barrier, 65% of its initial value, on the review date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if each ETF closes at or above its initial value on any semiannual review date other than the final review date.

If the notes have not been called, the payout at maturity will be par unless any ETF finishes below its 60% trigger value, in which case investors will lose 1% for every 1% that the least-performing ETF finishes below its initial value.

J.P. Morgan Securities LLC is the agent.

The notes will price Dec. 13.

The Cusip number is 48129HVJ3.

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