JPMorgan plans autocallable optimization notes linked to Ford via UBS

By Susanna Moon

Chicago, Oct. 20 - JPMorgan Chase & Co. plans to price 0% autocallable optimization securities with contingent protection due Oct. 28, 2011 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If the stock closes above its initial price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 17.25% to 21.25%. The exact call return will be set at pricing.

If the notes are not called and Ford stock finishes at or above 70% of its initial share price, the payout at maturity will be par. Otherwise, investors will receive par plus the share price return.

The notes (Cusip 46634X765) are expected to price on Oct. 22 and settle on Oct. 27.

UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.

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