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Published on 10/14/2016 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest autocallables tied to two indexes

By Susanna Moon

Chicago, Oct. 14 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 3, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 7% to 9% if the index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless either index falls and either index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 31 and settle on Nov. 3.

The Cusip number is 46646EX49.


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