JPMorgan to price contingent interest autocallables linked to Pioneer

By Angela McDaniels

Tacoma, Wash., July 12 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 2, 2017 linked to the common stock of Pioneer Natural Resources Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of 14.55% if the stock closes at or above its trigger value, 70% of its initial share price, on the review date for that quarter.

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

The payout at maturity will be par unless the stock finishes below its trigger value, in which case investors will be fully exposed to the stock’s decline from its initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price July 15.

The Cusip number is 46646EPG1.

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