JPMorgan corrects offer amount for autocallable contingent interest notes linked to Ford

By Toni Weeks

San Luis Obispo, Calif., Dec. 4 - JPMorgan Chase & Co. corrected the offer amount for its issue of autocallable contingent interest notes due Dec. 17, 2014 linked to the common stock of Ford Motor Co. to $3,255,000 from $3,225,000, according to a 424B2 filing with the Securities and Exchange Commission.

As previously reported, the notes will pay a 3% coupon (equivalent to 12% a year) each quarter if Ford shares close at or above the barrier price on the review date for that quarter. The barrier price is 80% of the initial share price.

The notes will be called automatically at par plus the 3% contingent coupon if Ford shares close at or above the initial share price on any quarterly review date beginning on March 13, 2014.

If the notes have not been called and the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the 3% contingent coupon. If the final share price is less than the barrier price, investors will be exposed to the decline from the initial share price.

The Cusip number is 48126NH26.

J.P. Morgan Securities LLC is the agent.

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