JPMorgan plans review notes linked to KeyCorp with 13.5% call premium

By Angela McDaniels

Tacoma, Wash., May 27 – JPMorgan Chase & Co. plans to price 0% review notes due June 15, 2016 linked to the common stock of KeyCorp, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 13.5% per year if KeyCorp stock closes at or above its initial share price on any quarterly review date.

If the notes are not called and the final share price is less than the initial share price by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 29 and settle June 3.

The Cusip number is 48125UVC3.

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