JPMorgan plans callable range accrual notes tied to CMS rates, S&P 500

By Susanna Moon

	Chicago, March 11 –	JPMorgan Chase & Co.	plans to price callable range accrual notes due March 31, 2030 linked to the	30-year Constant Maturity Swap rate, the	two-year CMS rate	and the	S&P 500 index, according to an FWP with the Securities and Exchange Commission.
	Interest will be fixed at 10% for the first year. After that, it will accrue 9 times the spread of the 30-year CMS rate over the two-year CMS rate for each day that the index closes at or above the 60% barrier level, up to a maximum rate of 10%. Interest will be payable quarterly and cannot be less than zero.
	The payout at maturity will be par unless the index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses.
	The notes are callable at par plus accrued interest on any quarterly redemption date beginning March 31, 2016.
	J.P. Morgan Securities LLC is the agent.
	The notes will price on March 26 and settle on March 31.
	The Cusip number is 48125UCZ3.

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