JPMorgan to price contingent coupon callable yield notes on Apple

By Sarah Lizee

Olympia, Wash., Nov. 8 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon callable yield notes due Nov. 13, 2020 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8.35% if the stock closes at or above its 70% coupon barrier on the related quarterly observation date. The exact coupon will be set at pricing.

JPMorgan may call the notes at par on any contingent interest payment date other than the final date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below its 70% trigger value, in which case investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 9 and settle on Nov. 14.

The Cusip number is 48130WBW0.

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