JPMorgan plans one-year contingent interest autocallables on Apple

By Susanna Moon

Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 19, 2018 linked to Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 10% if the stock closes at or above its 78% coupon barrier on the determination date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly determination date other than the final date.

The payout will be par unless the stock finishes below its 78% trigger level, in which case investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 1.

The Cusip number is 46647MW25.

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