JPMorgan plans to price 7% autocallable yield notes linked to CSX

By Marisa Wong

Morgantown, W.Va., June 21 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due July 6, 2017 linked to the common stock of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable monthly. The interest rate will be at least 7% and will be set at pricing.

The notes will be called at par if the stock closes at or above its initial share price on Dec. 30, 2016 or March 30, 2017.

The payout at maturity will be par unless the stock closes below its trigger level, 70% of its initial share price, on any day during the life of the notes and finishes below its initial share price, in which case investors will be fully exposed to the stock’s decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 30 and settle on July 5.

The Cusip number is 46646EJJ2.

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