JPMorgan plans trigger callable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – JPMorgan Chase & Co. plans to price trigger callable contingent yield notes due Jan. 4, 2018 linked to the least-performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the closing level of each index is equal to or greater than its coupon barrier, 75% of its initial level, on each day during a quarterly observation period, the notes will pay a coupon for that quarter at an annualized rate between 14% and 15%. The exact coupon will be set at pricing.

The notes may be called at par of $10 plus the contingent coupon on any quarterly observation date.

If the notes are not called, the payout at maturity will be par plus the contingent coupon if none of the indexes finishes below the trigger level, 75% of the initial level. Otherwise, investors will be fully exposed to the loss of the least-performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Dec. 29 and settle on Jan. 4.

The Cusip number is 48128A665.

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