JPMorgan plans contingent coupon autocallables tied to salesforce.com

By Susanna Moon

Chicago, July 14 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due July 19, 2018 linked to salesforce.com, inc. shares, 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 9.65% if salesforce.com stock closes at or above the coupon barrier level, 75% of the initial level, on the valuation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be called at par plus the contingent coupon if salesforce.com shares close at or above the initial share price on any quarterly review date other than the valuation date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 75% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on July 15 and settle on July 20.

The Cusip number is 46646EPJ5.

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