JPMorgan to price autocallable contingent interest notes on Citigroup

By Devika Patel

Knoxville, Tenn., Sept. 28 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 18, 2017 linked to Citigroup Inc. common shares, 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 10% if the stock closes at or above the 74.2% coupon barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any quarterly call review date other than the final one.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 74.2% trigger level, in which case investors will lose 1% for each 1% decline.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646EJ37) will price on Sept. 30 and settle Oct. 5.

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