JPMorgan to price autocallable reverse exchangeables on four stocks

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – JPMorgan Chase & Co. plans to price autocallable reverse exchangeable notes due July 3, 2017 linked to the least performing of the common stocks of BlackRock, Inc., Franklin Resources, Inc., Goldman Sachs Group, Inc. and Morgan Stanley, according to an FWP filed with the Securities and Exchange Commission.

Interest is payable monthly at an annualized rate of at least 9%.

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

If the notes are not called, the payout at maturity will be par unless the final share price of any stock is less than its trigger value, 62.5% of its initial share price, in which case the payout will be a number of shares of the least-performing stock equal to $1,000 divided by its initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 28 and settle on Dec. 30.

The Cusip number is 46625HPV6.

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