JPMorgan plans two-year contingent interest autocallables linked to Apple, Microsoft and Cisco

By Susanna Moon

Chicago, Feb. 22 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due March 2, 2015 linked to the least performing of Apple Inc., Microsoft Corp. and Cisco Systems, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If each stock closes at or above its 75% interest barrier level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 17%.

If each stock closes at or above its initial level on any of the review dates other than the final review date, the notes will be called at par plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the contingent coupon unless any stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 25 and settle on Feb. 28.

The Cusip number is 48126DYD5.

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