JPMorgan plans contingent coupon callable yield notes on Facebook

By Jennifer Chiou

New York, Jan. 28 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Feb. 2, 2017 linked to Facebook, Inc. class A shares, according to an FWP with the Securities and Exchange Commission.

If the stock closes at or above its barrier level, 70% of its initial level, on a quarterly observation date, the notes will pay a coupon at an annualized rate of at least 10% for that quarter. The exact coupon will be set at pricing.

The payout at maturity will be par plus the contingent coupon unless Facebook stock finishes below its barrier level, in which case investors will be fully exposed to any losses.

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

The notes (Cusip: 48125UAB8) will price on Jan. 29 and settle on Feb. 3.

J.P. Morgan Securities LLC is the agent.

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