JPMorgan plans contingent interest autocallables on ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, June 2 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 20, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest will be payable quarterly at 7.5% to 9.5% per year if the reference rate closes at or above its 70% barrier on the observation date for that quarter. The exact rate will be set at pricing.

The notes will be called at par plus the contingent payment if the reference rate closes at or above its initial level on any observation date other than the final one.

The payout at maturity will be par unless the reference rate finishes below the 70% trigger level, in which case investors will be fully exposed to the index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes are will price on June 15 and settle on June 20.

The Cusip number is 46646EGB2.

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