JPMorgan plans contingent income autocallables on salesforce.com

By Jennifer Chiou

New York, Aug. 21 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Sept. 3, 2015 linked to salesforce.com, inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at least 2.375% if salesforce.com stock closes at or above the 70% barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its level on any determination date other than the final date.

If the notes are not called and salesforce.com stock finishes at or above the barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of shares of salesforce.com stock equal to $10 divided by the initial share price or, at the issuer's option, the cash value of those shares.

The notes (Cusip: 481246387) will price on Aug. 29.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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