JPMorgan plans contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, April 17 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 3, 2018 linked to the worst performing of the common stock of Apple Inc., the class A common stock of Comcast Corp. and the common stock of Johnson & Johnson, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.65% to 11.65% if each stock closes at or above the 70% coupon barrier level on the determination date for that month.

If each stock closes at or above the initial level on any quarterly review date, the notes will be called at par plus the contingent coupon.

If the notes are not called and each stock finishes at or above the 60% trigger level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 28 and settle on May 1.

The Cusip number is 46625HKN9.

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