JPMorgan plans three-year autocallable trigger PLUS on S&P 500, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – JPMorgan Chase & Co. plans to price 0% autocallable trigger Performance Leveraged Upside Securities due Dec. 27, 2018 linked to an equally weighted basket of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

If the basket closes at or above the call threshold level, 127% of the initial basket level, on June 21, 2017, the securities will be automatically redeemed, and investors will receive the early redemption payment of at least $12.70 per $10 principal amount of notes. The exact early redemption threshold will be set at pricing.

The payout at maturity will be par of $10 plus at least 150% of any basket gain. The exact leverage factor will be set at pricing.

Investors will receive par if the basket falls by 15% or less and will be fully exposed to any losses if the basket finishes below the 85% trigger level.

J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.

The notes will price and settle in December.

The Cusip number is 48128A764.

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