JPMorgan to price contingent coupon autocallable yield notes on Eli Lilly

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Oct. 25, 2017, linked to the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if Eli Lilly stock closes at or above the barrier level, 70% of the initial share price, on the observation date for that quarter. The exact coupon will be set at pricing.

The payout at maturity will be par plus the final coupon unless Eli Lilly finishes below the 70% barrier level, in which case investors will be fully exposed to any losses.

The notes will be called at par if the stock closes at or above initial level on any interest payment date.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 7 and settle on Oct. 12.

The Cusip number is 22548QKV6.

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