JPMorgan plans contingent interest autocallables linked to lululemon

By Susanna Moon

Chicago, March 1 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 14, 2018 linked to lululemon athletica inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8.5% if lululemon stock closes at or above the 65% coupon barrier on a review date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any quarterly review date other than the first and final dates.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its initial level and ever closes below the 65% trigger level during the life of the notes, in which case investors will be exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on March 10.

The Cusip number is 46646QH65.

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