JPMorgan plans contingent income autocallable notes linked to Disney

By Susanna Moon

Chicago, Aug. 24 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Aug. 30, 2018 with step-up redemption threshold linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above the 80% coupon barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the redemption level on any determination date other than the final date.

The redemption threshold will be 105% of the initial stock price for the first four determination dates, stepping up to 110% of the initial stock price for the next four determination dates and to 115% of the initial stock price for the final determination dates.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on Aug. 25.

The Cusip number is 48127V454.

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