JPMorgan plans contingent interest autocallables linked to Facebook

By Susanna Moon

Chicago, April 28 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 15, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 8% if the stock closes at or above its coupon barrier level, 70% of its initial level, on the review date for that month.

The notes will be called at par plus the contingent coupon if Facebook stock closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless Facebook stock finishes below its 70% trigger level, in which case investors will be fully exposed to the losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 10 and settle on May 13.

The Cusip number is 46646EAF9.

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