JPMorgan plans contingent coupon notes tied to basket of 10 stocks

By Jennifer Chiou

New York, Nov. 30 - JPMorgan Chase & Co. plans to price contingent coupon notes due Dec. 22, 2014 linked to an equally weighted basket of 10 stocks, according to an FWP with the Securities and Exchange Commission.

The basket includes the common stocks of Altria Group, Inc., Amazon.com, Inc., AT&T Inc., Bristol-Myers Squibb Co., General Mills, Inc., Intel Corp., McDonald's Corp., Newmont Mining Corp., Wal-Mart Stores, Inc. and Wells Fargo & Co.

Interest is payable in December of each year and will equal the sum of the weighted performances of the basket stocks, subject to a floor of zero.

If a stock's return is positive, its performance will be a fixed percentage equal to 8.5% to 9.5%, with the exact percentage to be set at pricing. Otherwise, its performance will be the greater of its return and negative 20%.

The payout at maturity will be par.

The notes (Cusip: 48124A3W5) are expected to price on Dec. 17 and settle on Dec. 22.

J.P. Morgan Securities LLC is the agent.

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