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JPMorgan plans trigger callable optimization notes on Autodesk via UBS
By Susanna Moon
Chicago, Jan. 26 - JPMorgan Chase & Co. plans to price 0% trigger autocallable optimization securities due Feb. 3, 2012 based on the performance of Autodesk, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 18.5% to 22% if Autodesk shares close at or above the initial share price on any of 12 monthly observation dates. The exact call return will be set at pricing.
The payout at maturity will be par if Autodesk stock finishes at or above the trigger price, 75% of the initial share price.
Otherwise, the payout will be par plus the stock return with exposure to any losses.
The notes (cusip 46634X435) will price on Jan. 27 and settle on Jan. 31.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
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