JPMorgan to price digital contingent coupon notes linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., April 2 - JPMorgan Chase & Co. plans to price digital contingent coupon notes due April 30, 2018 linked to basket of stocks, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the common stocks of Altria Group, Inc., Barrick Gold Corp., CenturyLink, Inc., Kinross Gold Corp., Lorillard, Inc., Mead Johnson Nutrition Co., PG&E Corp., Time Warner Cable Inc., Verizon Communications Inc. and Walgreen Co.

Interest is payable annually and will equal the sum of the weighted performances of the basket stocks, subject to a minimum coupon of 0.5% to 1% per year.

If a basket stock's underlying return is greater than or equal to zero, its performance will be equal to the coupon cap. If its underlying return is negative, its performance will be the greater of its underlying return and negative 20%. The coupon cap is expected to be at least 8%.

The payout at maturity will be par.

The exact minimum coupon and coupon cap will be set at pricing.

The notes (Cusip: 48125VTN0) are expected to price April 25 and settle April 30.

J.P. Morgan Securities LLC is the agent.

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