JPMorgan plans contingent coupon callable notes tied to indexes, fund

By Susanna Moon

Chicago, May 2 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due May 31, 2016 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 7.65% if each component closes at or above the 65% barrier level on the observation date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless any component finishes at or below the 65% knock-in level, in which case investors will receive par plus the return of the worst performing component.

The exact terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 28 and settle on May 31.

The Cusip number is 48126D3Y3.

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