JPMorgan plans autocallable contingent interest notes linked to Ford

By Susanna Moon

Chicago, May 14 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due June 4, 2014 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Ford shares close at or above the 80% trigger level on a quarterly review date, the notes will pay a coupon at an annualized rate of 10.9% for that quarter.

If the shares close 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 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 losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 17 and settle on May 22.

The Cusip number is 48126D5F2.

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