JPMorgan plans to sell jump securities on iShares FTSE/Xinhua China

By Marisa Wong

Milwaukee, June 30 - JPMorgan Chase & Co. plans to price 0% jump securities due Dec. 30, 2011 based on the performance of the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.

If the final fund share price is greater than the initial share price, the payout at maturity will be par of $10 plus an upside payment of 24.5% to 28.5%. The exact percentage will be set at pricing.

If the final share price is less than or equal to the initial share price, the payout will be par plus the fund return. Investors will be exposed to any losses.

The securities are expected to price July 26 and settle three business days later.

J.P. Morgan Securities Inc. is the agent.

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