JPMorgan plans autocallable contingent interest notes on three stocks

By Marisa Wong

Madison, Wis., May 11 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 25, 2018 linked to the least performing of the common stocks of Altria Group, Inc., United Technologies Corp. and UnitedHealth Group Inc., according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a coupon at an annualized rate of 9.5% to 11.5% if each stock closes at or above its barrier price, 65% of its initial share price, on the review date for that month.

The notes will be automatically called at par plus the coupon if each 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 plus the contingent coupon, if any, unless any stock finishes below its 60% trigger price, in which case investors will be fully exposed to the share price decline.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 22 and settle May 28.

The Cusip number is 48125URU8.

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