JPMorgan to price trigger autocallable notes on SPDR S&P Bank ETF

By Marisa Wong

Morgantown, W.Va., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Sept. 30, 2020 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the fund closes at or above its coupon barrier level, 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at a rate of at least 6.5% per year.

The notes will be called at par if the fund closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the coupon unless the fund finishes below the 70% downside threshold level, in which case investors will lose 1% for each 1% decline from the initial level.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Sept. 26.

The Cusip number is 48129J368.

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