JPMorgan plans contingent interest autocallables tied to oil index

By Marisa Wong

Morgantown, W.Va., Jan. 27 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 4, 2021 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent coupon at an annual rate of 7% to 8.2% on a quarter if the index closes at or above its coupon barrier level, 65% 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 and final dates.

The payout at maturity will be par unless the index finishes below its 65% 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 Jan. 30.

The Cusip number is 46646QWF8.

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