JPMorgan plans contingent income autocallables on VanEck Gold Miners

By Susanna Moon

Chicago, May 13 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due May 25, 2017 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 9.85% if the fund closes at or above its 60% downside threshold level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the fund closes at or above the initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the fund finishes below the 60% downside threshold level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 20.

The Cusip number is 46646W813.

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