JPMorgan plans contingent interest autocallables tied to three indexes

By Susanna Moon

Chicago, July 2 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 11, 2018 linked to the worse performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a continent quarterly coupon at an annualized rate of 9% if each index closes at or above its coupon barrier level, 65% of its initial share price, on the review date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any review date other than the final review date.

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

J.P. Morgan Securities LLC is the agent.

The notes will price on July 6 and settle on July 9.

The Cusip number is 48125UZK1.

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