JPMorgan plans autocallable contingent interest notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, April 27 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 16, 2016 linked to the least performing of the S&P 500 index, the Nikkei 225 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate between 9% and 10% if each index closes at or above its barrier level, 75% of its initial level, on the review date for that month.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the final review date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to the worst performing index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 10.

The Cusip number is 46646EAE2.

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