JPMorgan plans autocallable contingent interest notes on Lions Gate

By Angela McDaniels

Tacoma, Wash., Aug. 5 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Aug. 26, 2015 linked to the common stock of Lions Gate Entertainment Corp., 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 13.85% 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 Nov. 20, 2014, Feb. 19, 2015 or May 21, 2015.

If the notes have not been called, the payout at maturity will be par plus the final coupon unless the final share price is less than the trigger price, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.

The final share price will be the average of the stock’s closing share prices on the five trading days ending Aug. 21, 2015.

J.P. Morgan Securities LLC is the agent.

The notes will price Aug. 6 and settle Aug. 11.

The Cusip number is 48127DWD6.

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