JPMorgan plans contingent interest autocallables linked to three stocks

By Susanna Moon

Chicago, Nov. 12 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 29, 2018 linked to the worst performing of the common stocks of CSX Corp., Bank of America Corp. and Southwest Airlines Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each stock closes at or above its coupon barrier, 60% of its initial share price, on the review date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any review date.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 48128GCQ1.

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