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JPMorgan plans trigger phoenix autocallables linked to Harley-Davidson
By Susanna Moon
Chicago, Aug. 15 - JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Aug. 22, 2013 linked to Harley-Davidson Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Harley-Davidson stock closes at or above the 70% barrier level on any quarterly observation date, the issuer will pay an annualized contingent coupon of 10.65% to 13.65% for that quarter.
If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and Harley-Davidson shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on Aug. 16 and settle on Aug. 21.
The Cusip number is 48126E784.
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