JPMorgan plans contingent interest autocallables on Dow, iShares EAFE

By Marisa Wong

Morgantown, W.Va., Oct. 9 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Feb. 1, 2017 linked to the lesser performing of the Dow Jones industrial average and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 9% if each component closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any quarterly review date other than the first and final dates.

The payout at maturity will be par unless either component finishes below its initial level and either component ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 27 and settle on Oct. 30.

The Cusip number is 48125U6L1.

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