JPMorgan plans contingent income autocallables on VanEck Vectors Gold

By Marisa Wong

Morgantown, W.Va., June 28 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due July 6, 2020 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the fund closes at or above the downside threshold level, 73.4% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 10%.

The notes will be called at par of $10 plus the contingent coupon if the fund closes at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes are expected to price on June 30.

The Cusip number is 48129G588.

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