JPMorgan plans 6.6% yield autocallables due 2019 tied to Facebook

By Susanna Moon

Chicago, Jan. 12 – JPMorgan Chase Financial Co. LLC plans to price at least 6.6% autocallable yield notes due May 1, 2019 linked to the least performing of the Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if the 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 the stock finishes below its initial level and ever closes below its 75% trigger level during the life of the notes, in which case investors will be fully exposed any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 48129HL21.

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