JPMorgan plans callable contingent interest notes on indexes, fund

By Susanna Moon

Chicago, Aug. 12 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Aug. 19, 2016 linked to the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If each underlying component closes at or above the 70% coupon barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 9% for that quarter.

The notes are callable at par on any interest payment date other than the final date.

The payout at maturity will be par plus the contingent coupon unless any component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing underlying component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 13 and settle on Aug. 20.

The Cusip number is 48127DWW4.

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