JPMorgan plans autocallable trigger securities on SanDisk via UBS

By Toni Weeks

San Diego, April 26 - JPMorgan Chase & Co. plans to price 0% autocallable trigger optimization securities due April 30, 2012 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.

If SanDisk 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 18.5% to 22.5%. 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 70% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 46634X237) are expected to price on April 27 and settle on April 29.

UBS Financial Services Inc. is the agent.

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