JPMorgan plans autocallable trigger securities on Mosaic via UBS

By Toni Weeks

San Diego, June 23 - JPMorgan Chase & Co. plans to price 0% autocallable trigger optimization securities due June 29, 2012 linked to the common stock of Mosaic Co., according to an FWP filing with the Securities and Exchange Commission.

If Mosaic shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call premium of 22.25% to 26.25%. The exact call premium will be determined at pricing.

If the notes are not called and the final share price is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 46634X138) are expected to price on June 28 and settle on June 30.

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

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