JPMorgan plans contingent income autocallables linked to CME Group

By Susanna Moon

Chicago, Dec. 12 - JPMorgan Chase & Co. plans to price contingent income autocallable securities due Dec. 26, 2014 linked to CME Group Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If CME Group stock closes at or above the downside threshold level, 80% of the initial share price, on a quarterly determination date, the notes will pay a contingent coupon of at least 2.55% for that quarter.

If the closing share price is greater than or equal to the initial share price on any of the first three quarterly determination dates, the notes will be redeemed at par of $10 plus the contingent coupon.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the contingent coupon.

Otherwise, the payout will be a number of CME Group shares equal to $10 divided by the initial share price or, at the issuer's option, a cash amount equal to the value of those shares.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 20 and settle three days later.

The Cusip number is 48127A526.

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