JPMorgan plans contingent interest autocallables tied to oil index

By Marisa Wong

Morgantown, W.Va., Aug. 17 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Aug. 24, 2017 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 12% if the index closes at or above the 75% barrier level on the review date for that month.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly call date.

The payout at maturity will be par plus the final coupon unless the index finishes below the 75% trigger level, in which case investors will be fully exposed to the index decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 21 and settle on Aug. 26.

The Cusip number is 48125UM90.

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