JPMorgan plans autocallable contingent interest notes tied to indexes

By Toni Weeks

San Luis Obispo, Calif., Feb. 14 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due March 1, 2019 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If each underlying component closes at or above the 75% barrier level on a quarterly review date, the notes will pay a coupon at an annual rate of at least 8% for that quarter. The exact rate will be set at pricing.

If each underlying index closes at or above its initial level on any review date other than the final review date, the notes will be called at par plus the coupon.

The payout at maturity will be par unless either underlying index finishes below the 75% trigger level, in which case investors will be fully exposed to the decline in the worst-performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48126N4J3) will price on Feb. 26 and settle on Feb. 28.

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