JPMorgan plans 10.1% upside autocallable reverse exchangeables on Ford

By Toni Weeks

San Luis Obispo, Calif., Oct. 8 - JPMorgan Chase & Co. plans to price 10.1% upside autocallable reverse exchangeable notes due Oct. 29, 2014 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus accrued interest if Ford stock closes above the initial share price on any of three quarterly call dates.

The payout at maturity will be par in cash, unless Ford stock closes below the initial price by more than 20%, in which case investors will be exposed to losses beyond the 20% buffer.

The final share price will be the average of the closing prices on five trading days ending Oct. 24, 2014.

The notes (Cusip: 48126NXE2) are expected to price Oct. 11 and settle Oct. 16.

J.P. Morgan Securities LLC is the agent.

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