JPMorgan plans contingent coupon callable yield notes on indexes, fund

By Toni Weeks

San Luis Obispo, Calif., April 17 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due April 22, 2016 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 8% if each of the underlying components close at or above the 60% barrier level on the observation date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless any component finishes below its 60% knock-in level on the April 19, 2016 valuation date, in which case investors will receive par plus the return of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48126DY86) will price April 19 and settle April 24.

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