JPMorgan plans contingent income autocallables on Energy Select fund

By Jennifer Chiou

New York, Dec. 16 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Dec. 22, 2017 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.5% if the fund closes at or above its 80% barrier level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the fund closes at or above the initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the fund finishes below its 80% barrier level, in which case investors will be fully exposed to any losses.

The securities (Cusip: 48127P424) will price on Dec. 19.

J.P. Morgan Securities LLC is the agent.

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