JPMorgan plans contingent interest autocallable notes linked to YUM!

By Devika Patel

Knoxville, Tenn., Nov. 10 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 30, 2016 linked to YUM! Brands, Inc. 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 12% if the stock closes at or above the barrier level, 75% of the initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if YUM! Brands shares close at or above the initial share price on any review date other than the final date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the barrier level, in which case investors will be fully exposed to any losses.

The notes (Cusip: 48128GCY4) will price on Nov. 13 and settle on Nov. 18.

J.P. Morgan Securities LLC is the agent.

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