JPMorgan plans to price fixed-to-floating notes due 2018 linked to CPI

By Marisa Wong

Madison, Wis., July 18 - JPMorgan Chase & Co. plans to price fixed-to-floating notes due July 27, 2018 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be 2% for the first two years. Beginning July 27, 2013, the interest rate will be the year-over-year change in the index plus 100 basis points, subject to a floor of zero and a cap of 7% per year in each interest period. Interest will be payable monthly.

The payout at maturity will be par.

The notes (Cusip: 48125XWR3) are expected to price July 22 and settle July 27.

J.P. Morgan Securities LLC is the agent.

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