JPMorgan plans contingent interest autocallables on oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Jan. 11 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 31, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 coupon at an annual rate of 11.8% for each quarter that the index closes at or above the 70% coupon barrier level on the review date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any review date other than the final date.

The payout at maturity will be par plus the final coupon unless the index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline below the initial price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 13.

The Cusip number is 46646QUJ2.

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