JPMorgan plans autocallable contingent interest notes on lululemon

By Marisa Wong

Madison, Wis., June 26 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 9, 2015 linked to the common stock of lululemon athletica inc., according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.7% if lululemon shares close at or above the trigger price, 70% of the initial share price, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if lululemon shares close at or above the initial share price on any quarterly review date other than the final review date.

If the notes have not been called and the stock finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 27 and settle on July 2.

The Cusip number is 48127DRC4.

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