JPMorgan plans 6.5% one-year autocallable yield notes tied to Facebook

By Marisa Wong

Morgantown, W.Va., Jan. 9 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Jan. 22, 2018 linked to Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly. The interest rate will be at least 6.5% and will be set at pricing.

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

The payout at maturity will be par unless the stock ever closes below its trigger level, 70% of its initial share price, on any day during the life of the notes and finishes below its initial share price, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 17.

The Cusip number is 46646QTK1.

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