JPMorgan plans autocallable contingent interest notes linked to ING

By Marisa Wong

Madison, Wis., June 4 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due June 22, 2016 linked to the ordinary shares of ING Groep NV, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at an annual rate of 11.1% if ING Groep shares close at or above the barrier level, 80% of the initial share price, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if ING Groep shares close at or above the initial share price on any review date other than the final review date.

The payout at maturity will be par plus the final contingent interest payment unless the final share price is less than the 80% trigger level, in which case investors will be fully exposed to the stock’s decline.

J.P. Morgan Securities LLC is the agent.

The notes will price June 5 and settle June 10.

The Cusip number is 48125UWN8.

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