JPMorgan to price 5.5-year fixed-to-floating notes linked to CPI

By Angela McDaniels

Tacoma, Wash., June 9 - JPMorgan Chase & Co. plans to price fixed-to-floating-rate notes due Dec. 23, 2016 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be 2.625% for the first year. Beginning June 23, 2012, the interest rate will be the year-over-year change in the index plus 50 basis points, subject to a floor of zero and a cap of 6% per year in each interest period. Interest will be payable monthly.

The payout at maturity will be par.

The notes (Cusip: 48125XUP9) are expected to price June 20 and settle June 23.

J.P. Morgan Securities LLC is the agent.

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