JPMorgan plans upside autocallable reverse exchangeables tied to Green Mountain Coffee

By Jennifer Chiou

New York, May 9 - JPMorgan Chase & Co. plans to price upside autocallable single observation reverse exchangeable notes due June 2, 2015 linked to Green Mountain Coffee Roasters, Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will carry a coupon of at least 11.3%. Interest will be payable monthly, and the exact rate will be set at pricing.

The notes will be called at par if the stock closes at or above the initial share price on any quarterly call date.

If the notes are not called, the payout at maturity will be par unless Green Mountain Coffee stock closes below the buffer level, 65% of the initial share price, on the May 28, 2015 observation date, in which case the payout will be a number of Green Mountain Coffee shares equal to $1,000 divided by the initial share price.

The notes (Cusip: 48127DJC3) are expected to price on May 28 and settle on May 30.

J.P. Morgan Securities LLC is the agent.

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