JPMorgan plans contingent interest autocallables on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 26, 2021 linked to the S&P 500 index and the Russell 2000 index, 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 monthly coupon at an annual rate of 7% to 9% if the index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 21 and settle on Oct. 26.

The Cusip number is 46646EW57.

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