JPMorgan plans to price one-year contingent absolute return autocallables linked to Silver Wheaton

By Toni Weeks

San Luis Obispo, Calif., April 2 - JPMorgan Chase & Co. plans to price 0% contingent absolute return autocallable optimization securities due April 14, 2014 linked to Silver Wheaton Corp. 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 8.5% to 11.5% if Silver Wheaton stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.

If the notes are not called and the final share price is at or above the 75% trigger level, the payout at maturity will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to losses.

The notes (Cusip: 48124B485) will price April 5 and settle April 11.

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

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