JPMorgan plans trigger callable contingent yield notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – JPMorgan Chase & Co. plans to price trigger callable contingent yield notes due Jan. 12, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of at an annualized rate of 10% to 10.5% if each index’s closing level remains at or above its trigger level, 65% of its initial level, on each day during that quarter. The exact contingent coupon will be set at pricing.

The notes are callable at par quarterly.

If the notes are not called and each index finishes at or above its trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price Jan. 8 and settle Jan. 13.

The Cusip number is 48128A56.

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