JPMorgan plans contingent interest autocallables linked to Biogen Idec

By Susanna Moon

Chicago, June 17 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due July 8, 2015 linked to Biogen Idec Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.9% if Biogen Idec shares close at or above the trigger level, 75% of the initial share price, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if Biogen Idec shares close at or above the initial share price on any quarterly review date other than the final review date.

If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 20 and settle on June 25.

The Cusip number is 48127DMS4.

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