JPMorgan plans contingent coupon callable yield notes on indexes

By Jennifer Chiou

New York, May 1 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Nov. 30, 2015 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8.6% if each index closes at or above its barrier level, 75% of the initial level, on the observation date for that period.

The notes will be callable at par plus the contingent coupon on any quarterly interest payment other than the final date.

The payout at maturity will be par unless any index finishes at or below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes (Cusip: 48127DGY8) are expected to price on May 27 and settle on May 30.

J.P. Morgan Securities LLC is the agent.

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