JPMorgan to price 5%-6% airbag autocallables tied to Starwood

By Marisa Wong

Madison, Wis., Feb. 19 - JPMorgan Chase & Co. plans to price 5% to 6% airbag autocallable yield optimization notes due Feb. 27, 2015 linked to the common stock of Starwood Hotels & Resorts Worldwide, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Starwood shares close at or above the initial price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Starwood shares equal to $1,000 divided by the conversion price. The conversion price is 90% of the initial price.

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

The notes are expected to price Feb. 21 and settle Feb. 28.

The Cusip number is 48127E676.

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