JPMorgan plans trigger phoenix autocallables linked to Hewlett-Packard

By Marisa Wong

Madison, Wis., Oct. 23 - JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due April 30, 2015 linked to the common stock of Hewlett-Packard Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a rate of 9.5% to 12.5% per year if the closing price of Hewlett-Packard stock is greater than or equal to the coupon barrier, 70% of the initial price, on a quarterly observation date.

The notes will be called at par plus the contingent coupon if Hewlett-Packard shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and Hewlett-Packard shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

The exact deal terms will be set at pricing.

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

The notes are expected to price Oct. 29 and settle Oct. 31.

The Cusip number is 48127A401.

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