JPMorgan plans contingent coupon callable yield notes tied to indexes

By Angela McDaniels

Tacoma, Wash., April 1 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due May 3, 2019 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon unless any index closes below its trigger level, 60% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be at least 8.5% per year and will be set at pricing.

The notes will be callable at par on any interest payment date other than the final one.

The payout at maturity will be par unless any index finishes below its trigger level, in which case investors will be fully exposed to the decline of the least-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price April 26.

The Cusip number is 48128GVL1.

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