JPMorgan plans callable contingent interest notes tied to ETFs, index

By Marisa Wong

Madison, Wis., Oct. 16 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Oct. 31, 2019 linked to the least performing of the iShares MSCI EAFE exchange-traded fund, the iShares MSCI Emerging Markets exchange-traded fund and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.7% to 9.7% if each underlying component closes at or above the 70% barrier level on a review date for that month. The exact rate will be set at pricing.

The notes are callable at par on any quarterly call date beginning Jan. 28, 2015.

The payout at maturity will be par unless any underlying component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 28 and settle on Oct. 31.

The Cusip number is 48127DM39.

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