JPMorgan plans contingent coupon autocallable yield notes on index, funds

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Dec. 20, 2018 linked to the Nasdaq-100 index, the SPDR S&P MidCap 400 ETF trust and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes pay a contingent quarterly coupon at an annual rate of at least 11% if each asset closes above its 75% barrier on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless any asset finishes below its barrier, in which case investors will be fully exposed to the decline of the least-performing asset.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QFN0) will price on Dec. 16 and settle on Dec. 21.

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