JPMorgan to price 10% contingent interest autocalls tied to Amazon

By Sarah Lizee

Olympia, Wash., Oct. 31 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 20, 2019 linked to the common stock of Amazon.com, Inc., 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 quarterly coupon at an annual rate of 10% if the stock closes at or above its 61.95% trigger level on the review date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless the shares ever close below its 61.95% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Nov. 2 and settle on Nov. 7.

The Cusip number is 48130UQ99.

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