New Issue: JPMorgan sells $706,000 autocallable reverse exchangeables on lululemon

By Devika Patel

Knoxville, Tenn., Dec. 4 – JPMorgan Chase & Co. priced $706,000 of 12.75% autocallable reverse exchangeable notes due Dec. 8, 2016 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if lululemon stock closes at or above the initial share price on March 2, 2016, June 2, 2016 or Sept. 2, 2016.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the trigger price, 80% of the initial share price, in which case the payout will be a number of lululemon shares equal to $1,000 divided by the trigger value of $39.20.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable reverse exchangeable notes
Underlying stock:	lululemon athletica inc. (Symbol: LULU)
Amount:	$706,000
Maturity:	Dec. 8, 2016
Coupon:	12.75%, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than trigger price, in which case a number of lululemon shares equal to $1,000 divided by the trigger value of $39.20
Call:	At par if stock closes at or above initial share price on March 2, 2016, June 2, 2016 or Sept. 2, 2016
Initial share price:	$49.00
Trigger value:	$39.20, 80% of initial share price
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128AAA1

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