JPMorgan plans 11% upside autocallables tied to Ford Motor stock

By Marisa Wong

Madison, Wis., Nov. 4 - JPMorgan Chase & Co. plans to price upside autocallable single observation reverse exchangeable notes due May 18, 2012 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of at least 11% per year, payable monthly. The exact coupon will be set at pricing.

The notes will be called at par plus accrued interest if Ford stock closes above the initial share price on any of two quarterly call dates. The call dates are Feb. 14 and May 15, 2012.

The payout at maturity will be par unless the final share price is less than the initial share price by more than 25%, in which case the payout will be a number of Ford 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: 48125VBD1) are expected to price Nov. 15 and settle Nov. 18.

J.P. Morgan Securities LLC is the agent.

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