JPMorgan plans to price quarterly review notes linked to copper

By Angela McDaniels

Tacoma, Wash., Nov. 3 - JPMorgan Chase & Co. plans to price 0% quarterly review notes due Nov. 17, 2011 linked to the price of copper, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called if the average price of copper for the five days ending on a quarterly review date is 102.5% or more of the starting price of copper. The redemption amount will be par plus an annualized call premium of 13.8%.

The review dates are Feb. 10, May 10, 2011, Aug. 10, 2011 and Nov. 14, 2011.

If the notes are not called, the payout at maturity will be par if the final price of copper is at least 90% of the starting copper price. Investors will lose 1.11111% for every 1% that the price declines beyond 10%.

The notes (Cusip 48124AX51) are expected to price Nov. 5 and settle Nov. 10.

J.P. Morgan Securities LLC is the agent.

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