JPMorgan plans autocallable contingent interest notes linked to Ford

By Angela McDaniels

Tacoma, Wash., Oct. 1 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Oct. 21, 2015 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 12.5% if Ford shares close at or above the barrier price, 85% of the initial share price, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if Ford shares close at or above the initial share price on any quarterly review date other than the final review date.

If the notes have not been called, the payout at maturity will be par unless the final share price is less than the trigger price, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price Oct. 3 and settle Oct. 8.

The Cusip number is 48127DJ41.

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