JPMorgan plans contingent income autocallables linked to Halliburton

By Susanna Moon

Chicago, June 18 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due June 30, 2016 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its 80% barrier level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below its 80% trigger level, in which case investors will receive par plus the stock return or, at the issuer’s option, a number of Halliburton shares equal to $10 divided by the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 26.

The Cusip number is 48127X294.

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