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Published on 4/17/2015 in the Prospect News Structured Products Daily.

JPMorgan plans callable contingent interest notes tied to Russell 2000

By Marisa Wong

Madison, Wis., April 17 – JPMorgan Chase & Co. plans to price callable contingent interest notes due April 28, 2025 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

If the index closes at or above the 70% interest barrier on a quarterly review date, the notes will pay a coupon at an annualized rate of at least 7.25% for that quarter. The exact coupon will be set at pricing.

The issuer may call the notes on any interest payment date, except for the first, second, third and final interest payment dates. If the notes are called, the payout will be par plus any accrued interest.

If the notes have not been called and the final index level is at or above the 50% trigger level, the payout at maturity will be par plus the contingent interest payment, if any. If the final index level finishes below the trigger level, investors will lose 1% for every 1% index decline from its initial level.

J.P. Morgan Securities LLC is the agent.

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

The Cusip number is 48125UNQ1.


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