JPMorgan plans 6% autocallable yield notes linked to fund, indexes

By Susanna Moon

Chicago, July 9 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due Oct. 27, 2016 linked to the Financial Select Sector SPDR fund, the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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

The payout at maturity will be par unless any component closes below its trigger level, 66% of its initial level, on any day during the life of the notes and any component finishes below its initial level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 22 and settle on July 27.

The Cusip number is 48125UZU9.

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