JPMorgan plans contingent income autocallables on Halliburton stock

By Tali Rackner

Norfolk, Va., July 7 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due July 13, 2017 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of at least 11.25% if Halliburton closes at or above its downside threshold level, 75% of its initial stock price, on the determination date for that quarter.

If Halliburton closes at or above its initial price on any determination date, other than the final date, the notes will be automatically called at par plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the final contingent coupon unless the shares finish below the downside threshold level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on July 8.

The Cusip number is 46646W359.

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