JPMorgan plans contingent interest autocallables tied to crude index

By Susanna Moon

Chicago, Aug. 1 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 20, 2019 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate between 9% and 11% if the index closes at or above its coupon barrier level, 60% of its initial level, on the review date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the first, second, third and final dates.

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

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 17 and settle on Aug. 22.

The Cusip number is 46646ESX1.

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