JPMorgan plans contingent interest autocallables linked to Wells Fargo

By Susanna Moon

Chicago, Oct. 2 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Oct. 23, 2013 linked to Wells Fargo & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Wells Fargo shares close at or above the 75% trigger level on a quarterly review date, the notes will pay a coupon at an annualized rate of 8.65% for that quarter.

If the stock closes at or above the initial share price on any of the first three review dates, the notes will be called at par plus the contingent interest.

If the notes are not called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the contingent interest.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 5 and settle on Oct. 11.

The Cusip number is 48126DCD9.

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