JPMorgan plans trigger callable contingent yield notes tied to indexes

By Susanna Moon

Chicago, Feb. 9 – JPMorgan Chase & Co. plans to price trigger callable contingent yield notes due Feb. 15, 2018 with daily coupon observation linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12% to 13% if each index closes at or above its coupon barrier level, 65% of its initial level, on each day during the quarterly observation period.

The notes will be callable at par on any quarterly observation end date other than the final valuation date.

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

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Feb. 12 and settle on Feb. 18.

The Cusip number is 48128A194.

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