JPMorgan plans five-year trigger phoenix autocallables linked to Ford

By Susanna Moon

Chicago, Jan. 14 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Jan. 22, 2021 linked to Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9% if Ford stock closes at or above the coupon barrier level, 63% to 68% of the initial price, on the observation date for that month.

If the shares close at or above the initial price on any monthly observation date beginning Jan. 17, 2017, the notes will be called at par of $10 plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless Ford shares finish below the 63% to 68% trigger level, in which case investors will be fully exposed to any losses.

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

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 48128A392.

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