JPMorgan plans contingent interest autocallables linked to Roku

By Sarah Lizee

Olympia, Wash., Dec. 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 16, 2020 linked to the common stock of Roku, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if the stock closes at or above the trigger value, 50% of its initial share price, on the review date for that quarter. The contingent interest rate is expected to be at least 15.5% per year and will be set at pricing.

The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly review date.

If the notes have not been called, the payout at maturity will be par unless the stock finishes below the trigger value, in which case investors will be exposed to the stock’s decline from its initial share price.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Dec. 11.

The Cusip number is 48132HGL0.

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