JPMorgan plans autocallable contingent interest notes tied to Coach

By Jennifer Chiou

New York, July 11 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 30, 2014 linked to the common stock of Coach Inc., according to an FWP with the Securities and Exchange Commission.

If Coach shares close at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 17.06%.

If the shares close at or above the initial share price on any review date other than the final review date, the notes will be automatically called at par plus the coupon.

If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the stock's decline from its initial price.

J.P. Morgan Securities LLC is the agent.

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