JPMorgan to price contingent interest autocalls tied to three ETFs

By Sarah Lizee

Olympia, Wash., Jan. 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 12, 2023 linked to the least performing of the Energy Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6% per year if each ETF closes at or above its trigger value, 60% of its initial share price, on the review date for that period.

The notes will be automatically called at par plus the contingent coupon if each ETF closes at or above its initial share price on any quarterly review date other than the first and final ones.

If the notes have not been called, the payout at maturity will be par unless any ETF finishes below its trigger value, in which case investors will lose 1% for every 1% that the least-performing ETF finishes below its initial share price.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 7.

The Cusip number is 48132HQZ8.

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