JPMorgan plans 8.5%-10.5% autocallable reverse exchangeables linked to Restoration Hardware

By Susanna Moon

Chicago, Aug. 6 – JPMorgan Chase & Co. plans to price 8.5% to 10.5% upside autocallable reverse exchangeable notes due Nov. 13, 2015 linked to Restoration Hardware Holdings, Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if Restoration Hardware stock closes at or above the initial share price on Feb. 9, 2015, May 8, 2015 or Aug. 10, 2015.

The payout at maturity will be par unless Restoration Hardware stock ever closes below the buffer level, 60% of the initial share price, during the life of the notes and finishes below the initial price, in which case the payout will be a number of Restoration Hardware shares equal to $1,000 divided by the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 8 and settle on Aug. 13.

The Cusip number is 48127DWH7.

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