JPMorgan plans to price quarterly review notes linked to palladium

By Angela McDaniels

Tacoma, Wash., May 7 - JPMorgan Chase & Co. plans to price 0% quarterly review notes due May 22, 2014 linked to the price of palladium, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of at least 14.25% if the palladium price is greater than or equal to the commodity strike price on any quarterly review date. The strike price and exact call premium will be set at pricing.

If the notes are not called and the final palladium price is less than the strike price by up to 20%, the payout at maturity will be par. Otherwise, investors will be fully exposed to palladium's decline from the strike price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 10 and settle May 15.

The Cusip number is 48126DU49.

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