JPMorgan plans contingent interest autocallables on Bank of America

By Susanna Moon

Chicago, Feb. 24 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due March 16, 2016 linked to Bank of America Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annual rate of 10.10% if Bank of America stock closes at or above the trigger level – 80% of the initial share price – on a review date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date.

If the notes are not called and Bank of America shares finish at or above the trigger level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Feb. 27 and settle on March 4.

The Cusip number is 48125UGD8.

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