JPMorgan plans contingent interest autocallables linked to oil index

By Marisa Wong

Morgantown, W.Va., Nov. 7 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 21, 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 are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6.5% to 8.5% if the index closes at or above its coupon barrier level, 60% of its initial level, on the review date for that quarter.

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.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 16.

The Cusip number is 46646E5K4.

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