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JPMorgan plans 10%-12% autocallable yield notes on fund, two indexes
By Susanna Moon
Chicago, April 5 - JPMorgan Chase & Co. plans to price 10% to 12% autocallable yield notes due April 18, 2013 linked to the SPDR S&P Metals & Mining Exchange-Traded Fund, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the components close at or above their initial levels on any of three call dates.
A trigger event will occur if any component falls by more than 40% during the life of the notes.
The payout at maturity will be par unless any component finishes below its initial level and ever dips below the 60% trigger level, in which case investors will lose 1% for every 1% decline of the worst-performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 13 and settle on April 18.
The Cusip number is 48125VUX6.
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