JPMorgan plans autocallable contingent interest notes tied to Russell

By Angela McDaniels

Tacoma, Wash., Oct. 11 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 19, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at the rate of 7.75% per year if the index closes at or above its trigger value on the review date for that quarter. The trigger value is expected to be 59.25% to 63.25% of the initial index level and will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly review date other than the final review date.

If the notes have not been called, the payout at maturity will be par unless the index finishes below its trigger value, in which case investors will be exposed to the index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Oct. 14.

The Cusip number is 46646EU83.

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