JPMorgan to price trigger phoenix autocallables tied to WhiteWave

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Dec. 10, 2020 linked to the common stock of the WhiteWave Foods Co., according to an FWP filed with the Securities and Exchange Commission.

If WhiteWave stock closes at or above the trigger price, 64% to 69% of the initial share price, on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 8% per year. Otherwise, no coupon will be paid that month. The exact trigger price will be set at pricing.

Beginning Dec. 5, 2016, the notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date.

If the notes are not called and WhiteWave shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Dec. 4 and settle on Dec. 9.

The Cusip number is 48128A806.

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