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JPMorgan plans contingent interest autocalls on VanEck Vectors Gold
By Sarah Lizee
Olympia, Wash., July 16 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 20, 2023 linked to the VanEck Vectors Gold Miners ETF, 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 7% to 8% if the fund closes at or above its coupon barrier level, 60% of its initial level, on the review date for that quarter.
The notes will be called at par if the fund closes at or above its initial level on any quarterly review date other than the first and final review dates.
The payout at maturity will be par unless the fund finishes below its 60% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 17.
The Cusip number is 48132MTQ4.
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