JPMorgan plans contingent income autocallable notes linked to Micron

By Susanna Moon

Chicago, Aug. 21 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Sept. 6, 2016 linked to Micron Technology, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 16.5% if the stock closes at or above the 65% coupon barrier level on the determination 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 determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 65% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on Aug. 28.

The Cusip number is 48127V462.

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