JPMorgan plans contingent interest autocallables on Alphabet, Facebook

By Susanna Moon

Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 28, 2017 linked to the lesser performing of the class A common stocks of Alphabet Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% to 10.5% if each stock closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par unless either stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 22 and settle on Nov. 28.

The Cusip number is 46646E6J6.

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