JPMorgan plans autocallable contingent interest notes linked to Amazon

By Angela McDaniels

Tacoma, Wash., April 28 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 18, 2016 linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 11.3% if Amazon shares close at or above the trigger level, 80% of the initial share price, on the review date for that quarter.

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

If the final share price is greater than or equal to the trigger level, the payout at maturity will be par plus the final contingent interest payment. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 1 and settle May 6.

The Cusip number is 48125UPQ9.

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