JPMorgan plans 8.25% contingent income autocalls on three indexes

By Sarah Lizee

Olympia, Wash., Aug. 31 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Sept. 17, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.25% if each underlying index closes at or above its 75% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 75% threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Sept. 14.

The Cusip number is 48130UGE9.

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