JPMorgan plans contingent interest autocallables linked to Facebook

By Susanna Moon

Chicago, May 6 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Aug. 18, 2016 linked to Facebook Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 9% if Facebook shares close at or above the 70% barrier level on a quarterly review date.

The notes will be called at par plus the coupon if the shares close at or above the initial share price on any review date other than the final review date.

The payout at maturity will be par plus the coupon unless the stock finishes below the 70% 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 May 15 and settle on May 20.

The Cusip number is 48127X708.

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