JPMorgan plans issue of 0% principal-protected notes linked to S&P 500

By Jennifer Chiou

New York, Sept. 1 - JPMorgan Chase & Co. plans to price 0% principal-protected notes due Sept. 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price on or about Sept. 26 and to settle on or about Sept. 29.

Payout at maturity will be par plus any gain on the index on Sept. 25, 2013 - the observation date - times a participation rate that will not be less than 100%. The participation rate will be determined at pricing. Investors will receive at least par.

JP Morgan Securities Inc. will be the agent.

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