JPMorgan plans contingent coupon callable notes linked to indexes, fund

By Susanna Moon

Chicago, July 24 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due April 28, 2016 linked to worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if each component closes at or above its barrier level, 75% of the initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be callable at par plus the contingent coupon on any quarterly interest payment date.

The payout at maturity will be par unless any component finishes below its 75% knock-in level, in which case investors will be fully exposed to the decline of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 25 and settle on July 30.

The Cusip number is 48127DUE6.

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