JPMorgan plans 10.5% autocallable yield notes linked to Ulta

By Wendy Van Sickle

Columbus, Ohio, Sept. 13 – JPMorgan Chase Financial Co. LLC plans to price 10.5% autocallable yield notes due Dec. 29, 2020 linked to the common stock of Ulta Beauty, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The notes will be automatically redeemed at par plus the coupon if Ulta shares close at or above the initial share price on any quarterly review date other than the final one.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the trigger value, 70% of the initial share price, in which case investors will lose 1% for each 1% decline in the share price.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132FMP8) will price on Sept. 23.

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