JPMorgan plans 9% trigger autocallable contingent yield notes on Gilead

By Wendy Van Sickle

Columbus, Ohio, May 5 – JPMorgan Chase Financial Co. LLC plans to price 9% trigger autocallable contingent yield notes due May 13, 2019 linked to the common stock of Gilead Sciences Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly if the stock closes above its 60% to 65% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any observation date.

The payout at maturity will be plus the final coupon unless the stock closes below its barrier, in which case investors will be fully exposed to the loss.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 6 and settle on May 11.

The Cusip number is 46646W805.

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