JPMorgan plans autocallable contingent interest notes tied to Gilead

By Marisa Wong

Madison, Wis., Nov. 12 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Dec. 3, 2014 linked to Gilead Sciences, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.9% if Gilead shares close at or above the 75% trigger level on the 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.

J.P. Morgan Securities LLC is the underwriter.

The notes will price on Nov. 15 and settle on Nov. 20.

The Cusip number is 48126NC88.

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