JPMorgan plans autocallable yield notes on three automotive stocks

By Wendy Van Sickle

Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Jan. 19, 2018 linked to least performing of the common stocks of Ford Motor Co. and General Motors Co. and the American Depository Shares of Toyota Motor Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a monthly coupon at a rate of at least 9.25% a year.

The notes will be automatically redeemed at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly review date beginning Oct. 17.

The payout at maturity will be par unless any stock closes below its trigger value, 60% of its initial level, in which case investors will be fully exposed to the loss of the least performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price July 15 and settle July 20.

The Cusip number is 46646ENY4.

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