JPMorgan plans contingent interest autocallables linked to Biogen Idec

By Susanna Moon

Chicago, May 6 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due May 25, 2016 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 15.15% if Biogen shares close at or above the 75% barrier level on a quarterly review date.

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

The payout at maturity will be par plus the coupon unless the stock finishes below the 75% trigger level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 8 and settle on May 13.

The Cusip number is 48125URE4.

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