JPMorgan plans autocallable contingent interest notes tied to Splunk

By Marisa Wong

Madison, Wis., Feb. 19 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due March 11, 2015 linked to Splunk Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 16.05% if Splunk shares close at or above the 65% trigger level on a review date for that quarter.

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

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 any losses.

The notes (Cusip: 48126N4T1) are expected to price on Feb. 21 and settle on Feb. 26.

J.P. Morgan Securities LLC is the agent.

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