JPMorgan plans contingent interest autocallables tied to Facebook

By Wendy Van Sickle

Columbus, Ohio, March 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 11, 2018 linked to the class A common stock of Facebook Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Facebook stock closes at or above the 81.9% coupon barrier on a quarterly review date, the notes will pay a contingent quarterly coupon at an annual rate of at least 10% for that quarter and for any previous quarter for which no coupon was paid.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the final date.

The payout at maturity will be par plus the contingent coupon and any previously unpaid contingent coupon unless Facebook shares finish below the 81.9% trigger level, in which case investors will be fully exposed to any losses.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on March 24.

The Cusip number is 46646QNG6.

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