JPMorgan plans autocallable yield notes linked to fund, two indexes

By Marisa Wong

Madison, Wis., April 6 – JPMorgan Chase & Co. plans to price autocallable yield notes due July 26, 2016 linked to the least performing of the Financial Select Sector SPDR fund, the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate is expected to be at least 6% per year and will be set at pricing. Interest will be payable monthly.

The notes will be automatically called at par if each underlying component closes at or above its initial level on any quarterly review date other than the final one.

The payout at maturity will be par unless any underlying component closes below its trigger level, 67% of its initial level, on any day during the life of the notes and the final level of any underlying component is less than its initial level, in which case investors will be fully exposed to the decline of the worst-performing underlying component.

J.P. Morgan Securities LLC is the agent.

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

The Cusip number is 48125UMA7.

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