JPMorgan plans one-year contingent income autocallables on Facebook

By Susanna Moon

Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Sept. 14, 2017 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 9.65% if the stock closes at or above its 80% downside threshold on the review date for that quarter.

The notes will be called at par if the stock closes at or above its initial share price on any determination date other than the final date.

The payout at maturity will be par unless the stock finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.

The notes will price on Sept. 9.

The Cusip number is 46646X431.

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