JPMorgan plans contingent income autocallable notes linked to Tesla

By Susanna Moon

Chicago, Aug. 8 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Aug. 20, 2015 linked to Tesla Motors, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at least 2.45% if Tesla stock closes at or above the 60% 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 Tesla 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 Tesla stock equal to $10 divided by the initial share price or, at the issuer's option, the cash value of those shares.

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

The notes will price on Aug. 15.

The Cusip number is 481246452.

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