JPMorgan plans contingent income autocallables linked to Facebook

By Susanna Moon

Chicago, Oct. 9 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Oct. 19, 2018 linked to the class A common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual of at least 10.6% if Facebook shares close at or above the 70% coupon barrier level on a determination date for that quarter.

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

The payout at maturity will be par plus the final contingent 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. Morgan Stanley Smith Barney LLC is handling distribution.

The notes will price on Oct. 16.

The Cusip number is 48127Y573.

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