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Published on 1/11/2013 in the Prospect News Structured Products Daily.

JPMorgan plans autocallable contingent interest notes on three stocks

By Marisa Wong

Madison, Wis., Jan. 11 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 20, 2015 linked to the common stocks of Dow Chemical Co., Ford Motor Co. and Goldman Sachs Group, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the closing price of each stock is at or above the 70% trigger level on a monthly review date, the notes will pay a coupon that month at an annualized rate of 17.7%.

If the closing price of each stock is 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 each stock finishes at or above the trigger level, the payout at maturity will be par plus the coupon. Otherwise, investors will receive a number of shares of the least performing stock equal $1,000 divided by the initial price of that stock.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Jan. 14 and settle on Jan. 17.

The Cusip number is 48126DSY6.


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