JPMorgan plans one-year range accrual notes linked to WTI crude oil

By Susanna Moon

Chicago, March 8 – JPMorgan Chase & Co. plans to price range accrual securities due March 17, 2017 linked to a WTI crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 40% for each day the index closes at or above its lower barrier level of 75% of the contract price and less than or equal to the upper barrier price of at least 113.55% of the contract price. Interest is payable at maturity.

The payout at maturity will be $800 for each $1,000 principal amount note plus accrued interest.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 11 and settle on March 16.

The Cusip number is 48125U3A8.

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