JPMorgan to price trigger phoenix autocallables linked to Facebook

By Toni Weeks

San Luis Obispo, Calif., Feb. 11 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Feb. 20, 2020 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8% if the shares close at or above the coupon barrier, 68% to 73% of the initial price, on any monthly observation date.

The notes will be called at par if Facebook stock closes at or above the initial price on any monthly observation date after one year.

The payout at maturity will be par unless the shares finish below the 68% to 73% trigger level, in which case the payout will be par plus the stock return, with full exposure to losses.

The exact terms will be set at pricing.

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

The notes will price Feb. 13 and settle Feb. 19.

The Cusip number is 48127R388.

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