JPMorgan plans contingent interest autocallables tied to three stocks

By Tali Rackner

Norfolk, Va., Dec. 8 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 3, 2019 linked to the least performing of the common stock of Walt Disney Co., the class B common stock of Nike, Inc., and the common stock of Target Corp., according to an FWP filed with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 10% if each stock closes at or above its interest barrier level, 70% of its initial level, on the review date for that month. The exact coupon will be set at pricing.

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

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 55% 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 are expected to price on Dec. 28 and settle on Dec. 31.

The Cusip number is 48128GFJ4.

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