JPMorgan to sell contingent coupon CDs linked to stock basket

By Susanna Moon

Chicago, March 31 - JPMorgan Chase Bank, NA plans to price contingent coupon certificates of deposit due April 30, 2015 linked to a basket of 10 equally weighted stocks, according to a term sheet.

The underlying stocks are Barrick Gold Corp., GlaxoSmithKline plc, Berkshire Hathaway Inc., Google Inc., Billiton Ltd., Nokia Corp., China Mobile, Petroleo Brasileiro SA, Cisco Systems, Inc. and Wal-Mart Stores, Inc.

Interest will be payable annually and will equal the sum of the weighted performances of the reference stocks, subject to a floor of 0%.

For each reference stock, the performance will be equal to the coupon cap of between 11% and 15% if the stock closes above the return threshold of between 11% and 15%. The exact stock return threshold and coupon cap will be set at pricing. Otherwise, it will be the stock return.

The CDs will price on April 28 and settle on April 30.

J.P. Morgan Securities Inc. is the agent.

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