JPMorgan plans callable contingent interest notes tied to indexes

By Devika Patel

Knoxville, Tenn., April 12 – JPMorgan Chase & Co. plans to price callable contingent interest notes due April 23, 2018 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment dates other than the final one beginning on July 21, 2016.

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

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GWD8) will price on April 14 and settle on April 19.

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