JPMorgan plans contingent interest autocallables on S&P GSCI Crude

By Susanna Moon

Chicago, July 8 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 13, 2018 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.25% if the index closes at or above the barrier level, 65% of the initial share price, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any review date other than the final review date.

The payout at maturity will be par plus the final contingent interest payment unless the index finishes below the 65% trigger level, in which case investors will receive par plus the return with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 10 and settle on July 15.

The Cusip number is 48125UTQ5.

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