JPMorgan plans trigger autocallable securities on Lorillard via UBS

By Marisa Wong

Madison, Wis., June 15 - JPMorgan Chase & Co. plans to price 0% trigger autocallable optimization securities due June 21, 2012 linked to the common stock of Lorillard, Inc., according to an FWP filing with the Securities and Exchange Commission.

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

If Lorillard shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call return of 22% to 27%. The exact call return will be set at pricing.

If the notes are not called and the final share price is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 46634X161) are expected to price June 17 and settle June 22.

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