JPMorgan plans autocallables tied to Euro Stoxx 50, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 29 – JPMorgan Chase & Co. plans to price 0% autocallable notes due Aug. 3, 2017 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium if each underlier closes at or above its initial level on Aug. 6, 2015, July 29, 2016 or July 31, 2017. The call premium is expected to be at least 12% per year and will be set at pricing.

The payout at maturity will be par unless either underlier finishes below its barrier level, 75% of its initial level, in which case investors will lose 1% for every 1% that the final level of the lesser performing underlier is less than its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price July 30 and settle Aug. 4.

The Cusip number is 48127DUX4.

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