JPMorgan plans autocallable contingent interest notes on oil index

By Marisa Wong

Morgantown, W.Va., May 26 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Dec. 19, 2018 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8% to 10% if the index closes at or above its barrier level, 60% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly review date other than the first, second, third or final review dates.

If the notes have not been called, the payout at maturity will be par unless the index finishes below its barrier level, in which case investors will be fully exposed to the decline from the initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 1 and settle on June 6.

The Cusip number is 48128GYH7.

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