JPMorgan plans contingent coupon callable notes linked to Celgene

By Susanna Moon

Chicago, April 7 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due April 11, 2016 linked to Celgene Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above its barrier level, 70% of its initial level, on a quarterly observation date, the notes will pay a coupon at an annualized rate of 10.7% for that quarter.

The payout at maturity will be par unless Celgene stock finishes below its barrier level, in which case investors will be fully exposed to any losses.

The notes are callable at par on any interest payment date other than the final payment date.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 8 and settle on April 11.

The Cusip number is 48127DDZ8.

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