JPMorgan plans one-year trigger phoenix autocallables on SPDR Metals

By Susanna Moon

Chicago, Feb. 29 - JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due March 7, 2013 linked to SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the trigger price - 70% of the initial share price - on a quarterly observation date, the issuer will pay an annualized contingent coupon of 11.4% to 14.4% for that quarter.

If the shares close at or above the initial price on a quarterly 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.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on March 2 and settle on March 7.

The Cusip number is 48126B228.

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