JPMorgan plans contingent coupon callable yield notes tied to indexes

By Susanna Moon

Chicago, Sept. 24 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Sept. 30, 2016 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of at least 7.75% if each underlying component closes at or above its 65% barrier level on the observation date for that quarter. The exact contingent quarterly coupon will be set at pricing.

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

The payout at maturity will be par unless any index finishes below its 65% knock-in level, in which case investors will receive par plus the return of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 48126NVC8.

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