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

By Jennifer Chiou

New York, Jan. 3 - JPMorgan Chase & Co. plans to price 0% principal-protected notes due Jan. 30, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Pricing is expected on Jan. 26 with settlement set for Jan. 31.

The payout at maturity will be par plus any gain on the index on Jan. 25, 2015 - the observation date - times a participation rate that will not be less than 104.5%. 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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