JPMorgan to price trigger phoenix autocallables linked to Williams

By Angela McDaniels

Tacoma, Wash., June 17 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due June 25, 2020 linked to the common stock of Williams Cos., Inc., according to an FWP filing with the Securities and Exchange Commission.

Each month, the issuer will pay a contingent coupon at the rate of 8% per year if Williams stock closes at or above the trigger price, 61% to 65% of the initial share price, on the observation date for that month. The exact trigger price will be set at pricing.

Beginning June 20, 2016, the notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date.

If the notes are not called and Williams shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

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

The notes will price June 19 and settle June 24.

The Cusip number is 48127X310.

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