JPMorgan plans trigger phoenix autocallables linked to iShares MSCI EM

By Marisa Wong

Madison, Wis., March 13 - JPMorgan Chase & Co. plans to price 0% trigger phoenix autocallable optimization securities due March 21, 2013 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above the trigger price - 75% of the initial share price - on any quarterly observation date, the issuer will pay a contingent coupon of 9% to 11.5% per year. Otherwise, no coupon will be paid for that quarter.

If the fund closes at or above the initial price on any observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Investors will be exposed to any losses.

The notes (Cusip: 48126B160) will price on March 16 and settle on March 21.

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

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