JPMorgan plans callable contingent interest notes on indexes, fund

By Susanna Moon

Chicago, May 16 - JPMorgan Chase & Co. plans to price callable contingent interest notes due May 24, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if either index or fund closes below the 60% trigger level on any day during the life of the notes.

If each component closes at or above its trigger level on a quarterly review date, the notes will pay a coupon at an annualized rate of at least 8% for that quarter.

The notes are called at par plus the contingent coupon on any interest payment date other than the final date.

The payout at maturity will be par plus the contingent coupon unless any component finishes below the initial level and a trigger event has occurred, in which case the payout will be par plus the return of the worst performing component with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 21 and settle on May 24.

The Cusip number is 48126NAB3.

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