JPMorgan plans callable contingent interest notes on indexes, fund

By Susanna Moon

Chicago, May 23 - JPMorgan Chase & Co. plans to price callable contingent interest notes due May 31, 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 an FWP filing with the Securities and Exchange Commission.

If each index or fund closes at or above the 60% trigger level on a quarterly review date, the notes will pay a coupon at an annualized rate of 8.1% for that quarter.

The notes are callable at par plus the coupon on any quarterly call date.

The payout at maturity will be par plus the coupon unless the least performing component finishes below its trigger level, in which case investors will receive a number of shares of the least performing component equal to $1,000 divided by the initial level, at the issuer's election, the cash equivalent.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 28 and settle on May 31.

The Cusip number is 48126NBH9.

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