JPMorgan plans contingent interest autocallable notes linked to three energy sector stocks

By Susanna Moon

Chicago, Nov. 19 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 29, 2017 linked to the worst performing of the American Depositary Shares of BP plc, the common stock of Chevron Corp. and the common stock of Exxon Mobil Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if each stock closes at or above its coupon barrier, 50% of its initial share price, on the review date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 48127YAE2.

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