JPMorgan plans autocallable contingent interest notes on Amazon.com

By Toni Weeks

San Luis Obispo, Calif., Dec. 2 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Dec. 23, 2015 linked to Amazon.com, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If Amazon.com shares close at or above the 80% barrier level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 12.4%.

If the shares close at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.

If the notes have not been called and the final stock price is greater than or equal to the 80% trigger level, the payout at maturity will be par plus the coupon. If the final stock price is less than the trigger level, investors will lose 1% for every 1% that the final price is less than the initial stock price.

The final stock price will be the average of the closing stock prices on the five trading days ending Dec. 18, 2015.

J.P. Morgan Securities LLC is the agent.

The notes will price Dec. 5 and settle Dec. 10.

The Cusip number is 48127D2M9.

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