JPMorgan plans 9.5%-10.75% one-year autocallable reverse exchangeables linked to Iron Mountain

By Toni Weeks

San Luis Obispo, Calif., May 29 - JPMorgan Chase & Co. plans to price 9.5% to 10.75% upside autocallable reverse exchangeable notes due June 9, 2015 linked to the common stock of Iron Mountain Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par on Dec. 4, 2014 or March 4, 2015 if the closing price is greater than the initial share price.

If the notes are not called, the payout at maturity will be par in cash, unless Iron Mountain shares fall below 75% of the initial price during the life of the notes and finish below the initial share price, in which case investors will receive a number of Iron Mountain shares equal to $1,000 divided by the initial share price or, at JPMorgan's option, a cash amount equal to the value of those shares.

The notes (Cusip: 48127DLC0) are expected to price June 4 and settle June 9.

J.P. Morgan Securities LLC is the agent.

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