JPMorgan plans contingent income autocallable notes linked to Facebook

By Susanna Moon

Chicago, Dec. 29 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Jan. 5, 2018 linked to class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.6% if the stock closes at or above its 75% barrier level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 2.

The Cusip number is 48127P259.

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