JPMorgan plans contingent interest autocallables tied to three stocks

By Angela McDaniels

Tacoma, Wash., March 19 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Sept. 23, 2016 linked to the worst performing of the common stocks of Microsoft Corp., Cisco Systems, Inc. and Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 12% if each underlying stock closes at or above its interest barrier, 70% of its initial share price, on the review date for that quarter.

The notes will be called at par plus the coupon if each stock closes at or above its initial share price on any quarterly review date other than the final one.

If the notes are not called, the payout at maturity will be par unless any stock finishes below its trigger value, 70% of its initial share price, in which case investors will be fully exposed to the decline of the worst-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price March 20 and settle March 25.

The Cusip number is 48125UKP6.

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