JPMorgan plans contingent absolute return autocallables linked to Southwestern Energy

By Susanna Moon

Chicago, Nov. 14 - JPMorgan Chase & Co. plans to price 0% contingent absolute return autocallable optimization securities due Nov. 22, 2013 linked to Southwestern Energy Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 8% to 11% if Southwestern Energy stock closes at or above the initial share price on any quarterly observation date. The exact call premium 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 Nov. 16 and settle on Nov. 21.

The Cusip number is 46637G157.

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