JPMorgan plans contingent interest autocallables linked to fund, index

By Susanna Moon

Chicago, Nov. 25 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 30, 2017 linked to the Vanguard Total Stock Market exchange-traded fund and the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If each underlying component closes at or above the 80% coupon barrier level on a quarterly review date, the notes will pay a contingent coupon at an annualized rate of at least 6.5% for that quarter.

If each component 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 plus the contingent coupon unless any component finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 26 and settle on Dec. 2.

The Cusip number is 48127DX78.

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