JPMorgan plans contingent interest autocallable notes tied to Allergan

By Marisa Wong

Morgantown, W.Va., Oct. 1 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Oct. 19, 2016 linked to Allergan plc shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 14.6% if the stock closes at or above its barrier level, 75% of the initial price, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly review date other than the final date.

The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 2 and settle on Oct. 7.

The Cusip number is 48125U6A5.

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