JPMorgan plans autocallable contingent interest notes on Occidental

By Toni Weeks

San Diego, Jan. 8 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Jan. 29, 2014 linked to Occidental Petroleum Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

If Occidental shares close at or above the 80% trigger level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 12.25%.

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 final share price is at or above the trigger level, the payout at maturity will be par plus the coupon.

If the final share price is less than the trigger level, investors will be fully exposed to losses from the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 11 and settle on Jan. 16.

The Cusip number is 48126DSS9.

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