JPMorgan plans contingent absolute return autocallables on lululemon

By Marisa Wong

Madison, Wis., April 10 - JPMorgan Chase & Co. plans to price 0% contingent absolute return autocallable optimization securities due April 21, 2014 linked to the common stock of lululemon athletica inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 13% to 17% if lululemon shares close at or above the initial share price on any quarterly observation date. The exact call return will be set at pricing.

If the notes are not called and the final share price is at or above the 70% trigger level, the payout at maturity will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

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

The notes are expected to price on April 12 and settle on April 17.

The Cusip number is 48124B469.

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