JPMorgan to price 9%-11.25% airbag autocallables linked to Regeneron

By Angela McDaniels

Tacoma, Wash., Oct. 16 - JPMorgan Chase & Co. plans to price 9% to 11.25% airbag autocallable yield optimization notes due Oct. 24, 2014 linked to the common stock of Regeneron Pharmaceuticals, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The notes will be called automatically at par if Regeneron shares close at or above the initial share price on any quarter observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Regeneron shares equal to $1,000 divided by the conversion price. The conversion price will be 75% of the initial share price.

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

The notes will price Oct. 18 and settle Oct. 23.

The Cusip number is 48126H142.

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