JPMorgan plans 6% autocallable yield notes tied to two funds, index

By Susanna Moon

Chicago, May 27 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due Sept. 22, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, the Financial Select Sector SPDR fund and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

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

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

A trigger event will occur if any component closes below the trigger level, 65% of the initial level, on any trading day during the life of the notes.

The payout at maturity will be par unless a trigger event occurs and the return of any component is negative, in which case investors will share in losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 19 and settle on June 24.

The Cusip number is 48125UUY6.

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