JPMorgan plans autocallable contingent interest notes linked to eBay

By Marisa Wong

Madison, Wis., March 26 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due April 16, 2014 linked to the common stock of eBay Inc., according to an FWP filing with the Securities and Exchange Commission.

If eBay shares close at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 15.1%.

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 automatically called at par plus the coupon.

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 the stock's decline from its initial price.

The notes (Cusip: 48126DG37) are expected to price on March 28 and settle on April 3.

J.P. Morgan Securities LLC is the agent.

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