JPMorgan plans autocallable contingent interest notes linked to Ford

By Toni Weeks

San Diego, Jan. 7 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 21, 2014 linked to Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.

A trigger event occurs if the stock closes below the trigger level - 80% of the initial share price - on any day during the life of the notes.

If Ford shares close at or above the 80% trigger level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 8.75%.

If the shares close at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.

If the notes have not been called and a trigger event has not occurred or the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the coupon.

If a trigger event has occurred and the final share price is less than the initial price, the payout will be a number of shares of Ford stock equal to $1,000 divided by the initial stock price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 16 and settle on Jan. 22.

The Cusip number is 48126DSL4.

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