JPMorgan plans trigger phoenix autocallable notes linked to Walgreen

By Susanna Moon

Chicago, Aug. 13 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable notes due Feb. 22, 2016 linked to Walgreen Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% to 9.2% if the stock closes at or above its barrier level – 80% of the initial price – on an observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial price on any quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the barrier level, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 48127H851.

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