JPMorgan to price contingent interest autocallables on S&P, Russell

By Tali Rackner

Norfolk, Va., Sept. 15 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 27, 2017 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed 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 7% if each index closes at or above its coupon barrier level, 62.5% of its initial level, on the review date for that quarter.

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 first and final dates.

The payout at maturity will be par unless the final level of either index is negative or either index finishes below its 62.5% trigger level during any day during the life of the notes, 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 Sept. 21 and settle on Sept. 26.

The Cusip number is 46646EZW5.

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