JPMorgan plans contingent absolute return autocallables on FireEye

By Toni Weeks

San Luis Obispo, Calif., Aug. 26 – JPMorgan Chase & Co. plans to price 0% contingent absolute return autocallable optimization securities due Sept. 4, 2015 linked to FireEye, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 17.5% to 22.5% if FireEye stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.

If the notes are not called and the final share price is at or above the 60% trigger level, the payout at maturity will be par plus the absolute value of the return. Otherwise, investors will be fully exposed to the decline in the share price from the initial price.

The notes (Cusip: 48127H810) are expected to price Aug. 27 and settle Aug. 29.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the underwriters.

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