JPMorgan plans trigger phoenix autocallables tied to Norfolk Southern

By Susanna Moon

Chicago, April 4 - JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due April 11, 2013 linked to Norfolk Southern Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Norfolk Southern stock closes at or above the 80% trigger level on a quarterly observation date, the issuer will pay a contingent coupon of 9% to 11% annualized for that quarter.

If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and Norfolk Southern 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 agents.

The notes will price on April 5 and settle on April 11.

The Cusip number is 46637G702.

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