JPMorgan plans contingent interest autocallables tied to three stocks

By Angela McDaniels

Tacoma, Wash., June 12 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due June 29, 2018 linked to the least performing of the common stock of Walt Disney Co., the common stock of Starbucks Corp. and the class B common stock of Nike, Inc., according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a coupon if each stock closes at or above its interest barrier, 70% of its initial share price, on the review date for that month. The contingent coupon rate is expected to be at least 9% per year and will be set at pricing.

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

If the notes have not been called, the payout at maturity will be par plus the contingent coupon, if any, unless any stock finishes below its 65% trigger price, in which case investors will be fully exposed to the decline of the least-performing stock.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price June 26 and settle July 1.

The Cusip number is 48125UXM9.

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