JPMorgan plans autocallable contingent income notes linked to AIG

By Susanna Moon

Chicago, Jan. 15 - JPMorgan Chase & Co. plans to price autocallable contingent income securities due Jan. 27, 2014 linked to American International Group, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If AIG shares close at or above the 73% to 76% trigger level on a quarterly review date, the notes will pay a contingent quarterly payment of 2.25%.

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

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 coupon.

Otherwise, investors will be fully exposed to losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 22 and settle three days later.

The Cusip number is 48124B758.

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