JPMorgan plans autocallable notes tied to Euro Stoxx 50, iShares EM

By Toni Weeks

San Luis Obispo, Calif., June 17 – JPMorgan Chase & Co. plans to price autocallable notes due June 21, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of at least 12.45% if each component closes at or above its call level on June 27, 2016, June 19, 2017 or June 18, 2018. The call level will be 100% of the initial levels on the first call valuation date and 90% of the initial levels for the second and third call valuation dates.

The payout at maturity will be par unless either component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price June 18 and settle June 23.

The Cusip number is 48125UXS6.

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