JPMorgan plans callable contingent interest notes linked to two funds

By Tali Rackner

Norfolk, Va., Jan. 20 – JPMorgan Chase & Co. plans to price callable contingent interest notes due Jan. 30, 2017 linked to the lesser performing of the iShares Russell 2000 exchange-traded fund and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly interest rate at an annual rate of at least 9.75% if each fund closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter.

The notes may be called at par plus the contingent coupon on any interest payment date other than the first and final dates.

The payout at maturity will be par unless either fund closes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 21 and settle on Jan. 26.

The Cusip number is 48128GKM1.

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