JPMorgan plans autocallable contingent interest notes on Bank of America

By Susanna Moon

Chicago, Jan. 13 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Feb. 3, 2016 linked to Bank of America Corp. shares, according to an FWP with the Securities and Exchange Commission.

If Bank of America shares close at or above the 80% barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 11% for that quarter.

If the shares close at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.

The payout at maturity will be par plus the coupon unless the stock finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 16 and settle on Jan. 22.

The Cusip number is 48127D6H6.

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