JPMorgan plans contingent interest autocallables linked to Rite Aid

By Susanna Moon

Chicago, July 30 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 29, 2015 linked to Rite Aid Corp. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.25% if the stock closes at or above the coupon barrier level, 70% of the initial share price, on the review date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 70% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 1 and settle on Aug. 6.

The Cusip number is 48127DUZ9.

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