JPMorgan to price 11% contingent interest autocalls on three stocks

By Sarah Lizee

Olympia, Wash., Nov. 14 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 29, 2022 linked to the least performing of the common stocks of Bristol-Myers Squibb Co., General Mills, Inc. and Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if each underlying stock closes at or above its 60% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each stock 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 any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 23 and settle on Nov. 30.

The Cusip number is 48130WDB4.

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