JPMorgan plans 9.5% income autocallables linked to Freeport-McMoRan

By Susanna Moon

Chicago, Oct. 7 - JPMorgan Chase & Co. plans to price 9.5% fixed income autocallable securities due Oct. 17, 2014 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus the coupon if Freeport-McMoRan stock closes at or above the initial price on any of the first three quarterly determination dates.

The payout at maturity will be par plus the coupon unless the stock finishes below the 75% trigger level, in which case investors will receive a number of Freeport-McMoRan shares equal to $10 divided by the initial share price or, at the issuer's option, the cash value.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price Oct. 11 and settle three days later.

The Cusip number is 48126H225.

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