JPMorgan plans contingent interest autocallable notes linked to Nike

By Susanna Moon

Chicago, Dec. 16 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 5, 2017 linked to the class B common stock of Nike, Inc., according to an FWP filed 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 its coupon barrier level, 79% of its initial 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 its initial level on any review date than the final date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 79% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Dec. 18 and settle on Dec. 23.

The Cusip number is 48128GGA2.

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