JPMorgan plans 10% fixed-coupon autocallables tied to three indexes

By Tali Rackner

Norfolk, Va., Dec. 9 – JPMorgan Chase & Co. plans to price fixed-coupon autocallable securities due Dec. 5, 2018 linked to the worst performing of the S&P 500 Equal Weight Energy index, the Euro Stoxx Banks index and the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate is expected to be at least 10% and will be set at pricing. Interest will be payable quarterly.

The notes will be called at par of $10 if each index closes at or above the redemption threshold level, 95% of the initial level, on any determination date other than the final one.

If the final level of each index is at least 65% of its initial level, the payout at maturity will be par plus the coupon.

If any index finishes below 65%, investors will be exposed to the losses of the worst performing index.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

The notes are expected to price on Dec. 18.

The Cusip number is 48128A863.

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