JPMorgan plans contingent absolute return autocallables linked to Southwestern Energy

By Jennifer Chiou

New York, Feb. 6 - JPMorgan Chase & Co. plans to price contingent absolute return autocallable optimization securities due Feb. 19, 2013 linked to Southwestern Energy Co. shares, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.75% to 14.25% if the stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and the stock finishes 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.

The notes (Cusip: 48126B350) will price on Feb. 10 and settle on Feb. 15.

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

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