JPMorgan plans autocallable contingent interest notes on Lions Gate

By Marisa Wong

Madison, Wis., July 16 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 16, 2015 linked to the common stock of Lions Gate Entertainment Corp., according to an FWP with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 11.5% if Lions Gate shares close at or above the trigger price, 75% 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 Lions Gate shares close at or above the initial share price on any quarterly review date other than the final review date.

If the notes have not been called and the stock finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 48127DTL2) are expected to price on July 18 and settle on July 23.

J.P. Morgan Securities LLC is the agent.

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