JPMorgan plans autocallable contingent interest notes on three stocks

By Tali Rackner

Norfolk, Va., Oct. 8 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Oct. 26, 2018 linked to the worst performing of three stocks, according to an FWP filing with the Securities and Exchange Commission.

The three stocks are Walt Disney Co., Goldman Sachs Group, Inc. and Boeing Co.

The notes will pay a contingent monthly coupon at an annualized rate of at least 8.9% if each stock closes at or above its interest barrier, 60% of its initial share price, on the review date for that month.

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

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 23 and settle on Oct. 28.

The Cusip number is 48128GAD2.

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