JPMorgan plans to price quarterly review notes linked to platinum

By Marisa Wong

Madison, Wis., Aug. 20 - JPMorgan Chase & Co. plans to price 0% quarterly review notes due Sept. 4, 2014 linked to the price of platinum, 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 12.8% if the platinum 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 platinum price is less than the strike price by up to 15%, the payout at maturity will be par. Otherwise, investors will be fully exposed to platinum's decline from the strike price.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Aug. 23 and settle Aug. 28.

The Cusip number is 48126D6R5.

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