JPMorgan plans 9% autocallable reverse exchangeables linked to stocks

By Susanna Moon

Chicago, Nov. 24 – JPMorgan Chase & Co. plans to price 9% autocallable reverse exchangeable notes due May 30, 2017 linked to the worst performing of the common shares of American Express Co., the capital stock of International Business Machines Corp., the common stock of Procter & Gamble Co. and the common stock of Wal-Mart Stores, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial share price on any review date other than the final review date.

The payout at maturity will be par unless any stock finishes below its trigger level, 70% of the initial share price, in which case the payout will be a number of shares of the least performing stock equal to $1,000 divided by the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 46625HPF1.

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