JPMorgan eyes autocallable contingent interest notes on ViacomCBS

By Sarah Lizee

Olympia, Wash., March 4 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 10, 2021 linked to ViacomCBS Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12.5% if the stock closes at or above its 72% coupon barrier 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 level on any review date other than the first and final dates.

The payout at maturity will be par plus the coupon unless the stock finishes below its 72% trigger level, in which case investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 6.

The Cusip number is 48132HH54.

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