JPMorgan plans contingent interest autocallables on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 21, 2017 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 6.25% if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon 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 finishes below its 70% trigger level, in which case investors will lose 1.5873% for every 1% that the lesser performing index declines.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 16 and settle on Sept. 21.

The Cusip number is 46646EZC9.

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