JPMorgan plans autocallable contingent interest notes linked to Ford

By Angela McDaniels

Tacoma, Wash., May 7 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 29, 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 barrier level, 80% of the initial share price, on a quarterly review date, the notes will pay a 2.965% coupon that interest period, which is equivalent to 11.86% per year. If Ford shares close below the barrier level, no coupon will be paid that interest period.

The notes will be automatically called at par plus the 2.965% contingent coupon if Ford shares close at or above the initial share price on Aug. 22, 2013, Nov. 21, 2013, Feb. 20, 2014 or May 23, 2014.

If the notes have not been called and the final share price is greater than or equal to the barrier level, the payout at maturity will be par plus the 2.965% contingent coupon. If the final share price is less than the barrier level, investors will be exposed to the decline from the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 10 and settle May 15.

The Cusip number is 48126D4V8.

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