JPMorgan plans five-year contingent coupon notes linked to 15 stocks

By Toni Weeks

San Diego, July 17 - JPMorgan Chase & Co. plans to price contingent coupon notes due Aug. 1, 2017 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., Coca-Cola Co., ConocoPhillips, Exxon Mobil Corp., General Electric Co., General Mills, Inc., International Business Machines Corp., Johnson & Johnson, Kraft Foods Inc., McDonald's Corp., Merck & Co., Inc., PepsiCo, Inc., Pfizer Inc., Proctor & Gamble Co. and Walt Disney Co.

Interest is payable annually and will equal the sum of the weighted performances of the basket stocks, subject to a minimum coupon of zero and a maximum coupon of 5% to 6.25% per year. The exact coupon cap will be set at pricing.

The payout at maturity will be par.

The notes (Cusip: 48125VR36) are expected to price July 27 and settle Aug. 1.

J.P. Morgan Securities LLC is the agent.

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