JPMorgan plans contingent interest callable notes linked to two indexes

By Susanna Moon

Chicago, Nov. 10 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Nov. 16, 2017 linked to the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 7.1% if each underlying component closes at or above the 65% coupon barrier level on a review date for that quarter.

The notes are callable at par plus the coupon on any interest payment date other than the first, second, third and final interest payment dates.

The payout at maturity will be par plus the contingent coupon unless either component finishes its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 12 and settle on Nov. 17.

The Cusip number is 48127DU71.

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