JPMorgan plans callable contingent interest notes on two indexes

By Marisa Wong

Madison, Wis., Dec. 4 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Dec, 8, 2017 linked to the worse performing of 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 coupon at an annual rate of at least 8.2% 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 on any interest payment date other than final date.

The payout at maturity will be par unless any underlying component finishes below 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 Dec. 5 and settle on Dec. 10.

The Cusip number is 48127D2R8.

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