JPMorgan plans autocallable contingent interest notes linked to Ford

By Angela McDaniels

Tacoma, Wash., April 30 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 21, 2014 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If Ford shares close at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 13.3%.

If the shares close at or above the initial share price on Aug. 15, 2013, Nov. 14, 2013 or Feb. 13, 2014, the notes will be automatically called at par plus the coupon.

If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the stock's decline from its initial price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 3 and settle May 8.

The Cusip number is 48126D3Q0.

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