JPMorgan plans 9.5% autocallable single observation reverse exchangeables on Keurig Green Mountain

By Jennifer Chiou

New York, March 2 – JPMorgan Chase & Co. plans to price 9.5% autocallable single observation reverse exchangeable notes due Sept. 22, 2016 linked to Keurig Green Mountain, Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly. The exact rate will be set at pricing, and it will not be less than 9.5%.

If the closing share price is equal to or greater than the initial price on any quarterly call date other than the final date, the notes will be called at par plus accrued interest.

If the notes are not called, the payout at maturity will be par unless Keurig Green Mountain stock falls by more than 30%, in which case the payout will be a number of shares of Keurig Green Mountain stock equal to $1,000 divided by the initial share price or, at the issuer’s option, a cash amount equal to the value of those shares.

The notes (Cusip: 48125UGR7) will price on March 19 and settle on March 24.

J.P. Morgan Securities LLC is the agent.

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