JPMorgan plans contingent interest autocallables tied to Apple

By Susanna Moon

Chicago, Nov. 8 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 21, 2018 linked to Apple Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 9% if the stock closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly review date other than the first and final dates.

The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 75% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 15.

The Cusip number is 46646E5W8.

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