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Published on 7/1/2015 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $750,000 autocallable contingent interest notes linked to stocks

By Susanna Moon

Chicago, July 1 – JPMorgan Chase & Co. priced $750,000 of autocallable contingent interest notes due June 29, 2017 linked to the worst performing of the common stocks of American International Group, Inc. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a continent quarterly coupon at an annualized rate of 10% if each stock closes at or above its barrier level, 80% of its initial share price, on the review date for that quarter.

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 first and final review dates.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its barrier level, in which case investors will lose 1.25% for each 1% decline of the worst performing stock beyond the 20% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Autocallable contingent interest notes
Underlying stocks:American International Group, Inc. (Symbol: ) and Charles Schwab Corp. (Symbol: )
Amount:$750,000
Maturity:June 29, 2017
Coupon:10% per quarter that each stock closes at or above barrier level on review date for that quarter
Price:Par
Payout at maturity:Par plus contingent coupon unless any stock finishes below barrier level, in which case 1.25% loss per 1% drop of worst performing stock beyond 20% buffer
Call:At par plus contingent coupon if each stock closes at or above initial share price on any review date other than the first and final review dates
Barrier levels:80% of initial levels
Pricing date:June 26
Settlement date:July 1
Agent:J.P. Morgan Securities LLC
Fees:0.25%
Cusip:48125UYD8

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