JPMorgan plans contingent absolute return autocallables linked to RIM

By Susanna Moon

Chicago, June 4 - JPMorgan Chase & Co. plans to price 0% contingent absolute return autocallable optimization securities due June 13, 2014 linked to Research in Motion Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 14% to 18% if RIM shares close at or above the initial share price on any quarterly observation date. The exact call return will be set at pricing.

If the notes are not called and the final share price is at or above the 55% trigger level, the payout at maturity will be par plus the absolute value of the return.

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 June 7 and settle on June 12.

The Cusip number is 48126H852.

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