JPMorgan plans 7% yield autocallables linked to Bristol-Myers Squibb

By Susanna Moon

Chicago, Oct. 14 – JPMorgan Chase Financial Co. LLC plans to price 7% autocallable yield notes due Nov. 2, 2017 linked to Bristol-Myers Squibb Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly, with the exact rate to be set at pricing.

The notes will be called at par 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 ever closes below its trigger level, 75% of its initial share price, on any day during the life of the notes and finishes below its initial share price, 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. 28 and settle on Nov. 2.

The Cusip number is 46646EX56.

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