JPMorgan plans trigger autocallable optimization notes on Russell 2000

By Jennifer Chiou

New York, Dec. 19 - JPMorgan Chase & Co. plans to price 0% trigger autocallable optimization securities due Dec. 31, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

Beginning on March 27, 2014, the notes will be automatically called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 70% to 75% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index's decline from its initial level.

The notes (Cusip: 48127A393) will price on Dec. 27 and settle on Dec. 31.

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

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