JPMorgan plans 5% contingent interest autocallables tied to Disney

By Marisa Wong

Morgantown, W.Va., Nov. 3 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 13, 2018 linked to Walt Disney Co. shares, 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 quarterly coupon at an annual rate of at least 5% if the stock closes at or above the 75% coupon barrier level on the determination date for the applicable quarter. The exact coupon will be set at pricing.

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

The payout at maturity will be par plus the final coupon unless the stock ever closes below the 75% trigger level during the life of the notes and finishes below its initial level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price Nov. 8.

The Cusip number is 46646E5U2.

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