JPMorgan plans contingent coupon callable yield notes on EOG Resources

By Toni Weeks

San Luis Obispo, Calif., Dec. 5 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Dec. 16, 2016 linked to EOG Resources, Inc. shares, according to an FWP with the Securities and Exchange Commission.

If the stock closes at or above its barrier level, 70% of its initial level, on a quarterly observation date, the notes will pay a coupon at an annualized rate of at least 11.75% for that quarter. The exact coupon will be set at pricing.

The payout at maturity will be par plus the contingent coupon unless EOG Resources stock finishes below its barrier level, in which case investors will be fully exposed to any losses.

The notes are callable at par on any interest payment date other than the final payment date.

The notes (Cusip: 48127D2V9) will price Dec. 10 and settle Dec. 15.

J.P. Morgan Securities LLC is the agent.

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