JPMorgan to price 7.25%-9.25% airbag autocallables linked to Qlik

By Toni Weeks

San Luis Obispo, Calif., May 14 - JPMorgan Chase & Co. plans to price 7.25% to 9.25% airbag autocallable yield optimization notes due May 21, 2015 linked to the common stock of Qlik Technologies Inc., according to an FWP filing with the Securities and Exchange Commission.

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

The notes will be automatically called at par plus accrued interest if Qlik stock closes at or above the initial share price on any quarterly 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 Qlik shares equal to $1,000 divided by the conversion price. The conversion price will be 70% of the initial share price.

The notes (Cusip: 48127E288) will price May 16 and settle May 21.

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

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