JPMorgan plans autocallable contingent interest notes on S&P GSCI Crude Oil index

By Jennifer Chiou

New York, Dec. 30 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 20, 2016 linked to the S&P GSCI Crude Oil Index - Excess Return, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at a rate of at least 20.75% per year if the index closes at or above the 70% interest barrier level on the determination date for that quarter.

If the index closes at or above the initial level on any review date other than the final date, the notes will be called at par plus the contingent coupon.

If the notes are not called and the index finishes at or above the 70% trigger level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will share in any losses.

The notes (Cusip: 48127DPR3) will price on Jan. 2 and settle on Jan. 7.

J.P. Morgan Securities LLC is the agent.

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