JPMorgan plans contingent income autocallables tied to Wynn Resorts

By Jennifer Chiou

New York, Feb. 12 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Feb. 25, 2016 linked to Wynn Resorts, Ltd. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annual rate of 11.6% if the shares close at or above the 75% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any of the first three determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% downside threshold level, in which case investors will receive a number of Wynn Resorts shares equal to $10 divided by the initial price or, at the issuer’s option, the cash equivalent.

The notes (Cusip: 48127R354) will price on Feb. 20.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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