JPMorgan plans to price trigger autocallables linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 25 – JPMorgan Chase & Co. plans to price trigger autocallable optimization securities due June 29, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date beginning June 26.

If the notes are not called and the index finishes at or above the trigger level, 80% of the initial index level, the payout at maturity will be par. If the index finishes below the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial level.

The notes (Cusip: 48127X245) are expected to price June 26 and settle June 30.

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

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