JPMorgan plans contingent yield trigger autocallables on SPDR S&P Oil

By Susanna Moon

Chicago, Aug. 24 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Sept. 4, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if the fund closes above its 60.5% to 65.5% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any observation date after six months.

The payout at maturity will be par plus the final coupon unless the fund finishes below its 60.5% to 65.5% trigger level, in which case investors will be fully exposed to any losses.

The exact deal terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 29 and settle on Aug. 31.

The Cusip number is 46646X597.

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