JPMorgan plans contingent income autocallables tied to salesforce.com

By Susanna Moon

Chicago, Oct. 9 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Oct. 24, 2016 linked to the common stock of salesforce.com, inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual of at least 11.9% if salesforce.com shares close at or above the 75% coupon barrier level on a determination date for that quarter.

The notes will be called at par plus the contingent coupon if salesforce.com shares close at or above the initial stock price on any determination date other than the final date.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 75% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes will price on Oct. 16.

The Cusip number is 48127Y565.

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