JPMorgan plans trigger phoenix autocallables on iShares Russell 2000

By Susanna Moon

Chicago, July 2 - JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Jan. 10, 2014 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the 75% trigger level on a quarterly observation date, the issuer will pay a contingent coupon of 10% to 12.5% annualized 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 the 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 July 5 and settle on July 10.

The Cusip number is 48126E875.

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