JPMorgan to price trigger phoenix autocallables on Hewlett-Packard

By Jennifer Chiou

New York, March 3 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due March 11, 2020 linked to Hewlett-Packard Co. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if the shares close at or above the coupon barrier, 63.6% to 68.6% of the initial price, on any monthly observation date.

The notes will be called at par if Hewlett-Packard stock closes at or above the initial price on any monthly observation date after one year.

The payout at maturity will be par unless the shares finish below the 63.6% to 68.6% trigger level, in which case the payout will be par plus the stock return, with full exposure to losses.

The exact terms will be set at pricing.

The notes (Cusip: 48127T608) will price on March 6 and settle on March 11.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

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