JPMorgan plans contingent coupon callable notes tied to three indexes

By Marisa Wong

Madison, Wis., Feb. 24 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Sept. 1, 2016 linked to the least performing of the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of at least 9% per year if each index closes at or above its barrier level, 75% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

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

The notes are callable at par on any interest payment date other than the final payment date.

J.P. Morgan Securities LLC is the placement agent.

The notes are expected to price Feb. 27 and settle March 4.

The Cusip number is 48125UGG1.

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