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JPMorgan plans 11% callable yield notes linked to Russell, Gold Miners
By Susanna Moon
Chicago, Sept. 1 - JPMorgan Chase & Co. plans to price 11% callable yield notes due Sept. 28, 2012 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on Dec. 31, March 31, 2012 and June 30, 2012.
The payout at maturity will be par unless either component falls below its knock-in level - 75% of its initial level - during the life of the notes and the final level of either component is less than its starting level, in which case investors will receive par plus the return of the worst-performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip number is 48125XW36.
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