JPMorgan to price autocallable yield notes linked to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – JPMorgan Chase & Co. plans to price autocallable yield notes due Jan. 31, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable monthly at a rate from 7% to 9%, with the exact percentage to be set at pricing.

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

The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the loss of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 29.

The Cusip number is 48128GGW4.

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