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Published on 3/23/2015 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest autocallables linked to Gold Miners

By Susanna Moon

Chicago, March 23 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 6, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the fund closes at or above the 65% barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 10.5% to 12.5% for that quarter.

If the fund closes at or above its initial level on any review date other than the final review date, the notes will be called at par plus the coupon.

A trigger event occurs if the fund closes below the 65% trigger level on any day during the life of the notes.

If the notes have not been called, the payout at maturity will be par plus the contingent coupon unless the fund finishes below its initial level and a trigger event has occurred, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 30 and settle on April 2.

The Cusip number is 48125UKT8.


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