JPMorgan plans contingent interest autocallable notes linked to Amazon

By Tali Rackner

Norfolk, Va., Dec. 27 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 23, 2018 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of between 7.75% and 9.75% if the stock closes at or above the barrier level, 65% of the initial level, on the review date for that quarter. The exact interest rate will be set at pricing.

The notes will be called at par plus the contingent coupon if Amazon shares close at or above the initial share price on any review date other than the first and final dates.

The payout at maturity will be par plus the final contingent interest payment unless the final share price is lower than the initial price and the stock closes at less than the barrier level during the life of the notes, in which case investors will lose 1% for each 1% decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 18 and settle on Jan. 23.

The Cusip number is 46646QGN9.

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