JPMorgan to price contingent interest autocalls on indexes, ETF

By Sarah Lizee

Olympia, Wash., Nov. 20 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 26, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay contingent interest at an annual rate of 7.5% if each asset closes at or above its 69% interest barrier on the related review date, plus any previously unpaid coupons.

After one year, the notes will be called at par plus the contingent interest payment if each asset closes at or above its initial level on any review date.

The payout at maturity will be par plus any contingent interest payment due unless any asset finishes below its 69% trigger level, in which case investors will be fully exposed to any losses of the worst performing asset.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 22.

The Cusip number is 48132FU38.

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