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 Aug. 16, 2018 linked to the class A common stock of Facebook Inc., 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 at least 7% if Facebook stock closes at or above the 80% coupon barrier on a review date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its initial level and ever closes below the 80% trigger level during the life of the notes, in which case investors will be exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on May 12.

The Cusip number is 46646QRM9.

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