JPMorgan plans capped contingent buffered equity notes on Occidental

By Marisa Wong

Madison, Wis., May 1 - JPMorgan Chase & Co. plans to price 0% capped contingent buffered equity notes due May 21, 2014 linked to the common stock of Occidental Petroleum Corp., according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus the stock return, subject to a maximum return of 27.55%. The exact cap will be set at pricing.

If the final share price is less than the initial share price by up to 20%, the payout will be par.

If the final share price is less than the initial share price by more than 20%, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The notes (Cusip: 48126D3T4) are expected to price May 3 and settle May 8.

J.P. Morgan Securities LLC is the agent.

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